FORA Capital LLC Cuts Stock Holdings in lululemon athletica inc. $LULU

FORA Capital LLC reduced its stake in lululemon athletica inc. (NASDAQ:LULU) by 50.5% during the second quarter, HoldingsChannel.com reports. The fund owned 10,839 shares of the apparel retailer’s stock after selling 11,037 shares during the quarter. FORA Capital LLC’s holdings in lululemon athletica were worth $2,575,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Winslow Asset Management Inc. grew its position in shares of lululemon athletica by 2.4% during the second quarter. Winslow Asset Management Inc. now owns 49,937 shares of the apparel retailer’s stock valued at $11,864,000 after purchasing an additional 1,168 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in lululemon athletica by 51.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 189,419 shares of the apparel retailer’s stock valued at $45,046,000 after buying an additional 64,087 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in lululemon athletica in the 2nd quarter worth approximately $78,000. Rakuten Securities Inc. raised its holdings in shares of lululemon athletica by 60.4% during the 2nd quarter. Rakuten Securities Inc. now owns 935 shares of the apparel retailer’s stock worth $222,000 after acquiring an additional 352 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of lululemon athletica by 1.6% during the 2nd quarter. Captrust Financial Advisors now owns 11,924 shares of the apparel retailer’s stock worth $2,833,000 after acquiring an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of a number of recent research reports. KeyCorp lowered shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 9th. Robert W. Baird increased their price objective on shares of lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research note on Friday, November 21st. Morgan Stanley decreased their target price on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company lifted their price target on lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, lululemon athletica has a consensus rating of “Hold” and an average target price of $227.95.

lululemon athletica Trading Up 9.6%

LULU stock opened at $204.97 on Friday. The stock has a market cap of $24.31 billion, a PE ratio of 14.20, a P/E/G ratio of 12.81 and a beta of 1.01. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32. The company has a 50-day moving average price of $174.48 and a 200 day moving average price of $201.93.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 40.17%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 EPS. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. Sell-side analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

About lululemon athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.