Diamond Hill Capital Management Inc. Sells 1,116,063 Shares of lululemon athletica inc. $LULU

Diamond Hill Capital Management Inc. lessened its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 92.5% during the third quarter, HoldingsChannel.com reports. The fund owned 89,940 shares of the apparel retailer’s stock after selling 1,116,063 shares during the period. Diamond Hill Capital Management Inc.’s holdings in lululemon athletica were worth $16,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of lululemon athletica during the 2nd quarter valued at $217,344,000. Pacer Advisors Inc. grew its position in shares of lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after buying an additional 458,322 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of lululemon athletica by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares in the last quarter. Invesco Ltd. raised its holdings in lululemon athletica by 23.3% in the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after purchasing an additional 322,816 shares in the last quarter. Finally, Flossbach Von Storch SE boosted its position in shares of lululemon athletica by 17.7% in the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after purchasing an additional 290,614 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were 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 in the company, valued at $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on LULU. BTIG Research reissued a “buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. Citigroup upped their price target on lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. The Goldman Sachs Group increased their price objective on shares of lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings upgraded shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Jefferies Financial Group lowered their price target on lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and a consensus target price of $227.05.

lululemon athletica Stock Up 1.6%

Shares of NASDAQ:LULU opened at $172.85 on Monday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $414.14. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 10.92 and a beta of 1.01. The business has a 50-day moving average price of $196.94 and a 200-day moving average price of $186.80.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica 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.