BI Asset Management Fondsmaeglerselskab A S Sells 22,637 Shares of lululemon athletica inc. $LULU

BI Asset Management Fondsmaeglerselskab A S reduced its position in lululemon athletica inc. (NASDAQ:LULU) by 46.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,285 shares of the apparel retailer’s stock after selling 22,637 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in lululemon athletica were worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of lululemon athletica during the second quarter valued at about $17,747,000. K.J. Harrison & Partners Inc increased its holdings in lululemon athletica by 100.1% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock worth $1,426,000 after acquiring an additional 3,002 shares during the period. Hussman Strategic Advisors Inc. raised its position in shares of lululemon athletica by 66.7% in the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock worth $3,737,000 after buying an additional 8,400 shares in the last quarter. U S Global Investors Inc. bought a new stake in shares of lululemon athletica during the 2nd quarter valued at about $760,000. Finally, Alpha Wealth Funds LLC bought a new stake in lululemon athletica during the second quarter valued at approximately $470,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LULU shares. Citigroup increased their price target on shares of lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Evercore increased their target price on lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Barclays increased their price objective on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on lululemon athletica in a research report on Thursday, January 8th. They issued a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $227.05.

lululemon athletica Stock Performance

LULU opened at $172.85 on Friday. The stock has a market capitalization of $20.28 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 10.75 and a beta of 1.01. The stock’s 50 day moving average price is $196.94 and its 200-day moving average price is $187.32. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $414.14.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the business posted $2.53 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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. Research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.