Aberdeen Group plc Decreases Holdings in lululemon athletica inc. $LULU

Aberdeen Group plc cut its stake in lululemon athletica inc. (NASDAQ:LULU) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,812 shares of the apparel retailer’s stock after selling 10,773 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of lululemon athletica worth $14,735,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. K.J. Harrison & Partners Inc raised its stake in lululemon athletica by 100.1% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after purchasing an additional 3,002 shares during the last quarter. Hussman Strategic Advisors Inc. grew its holdings in shares of lululemon athletica by 66.7% during 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. Pacer Advisors Inc. raised its position in shares of lululemon athletica by 2,598.9% in the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after buying an additional 458,322 shares during the last quarter. Pacific Heights Asset Management LLC lifted its stake in shares of lululemon athletica by 44.4% in the third quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock worth $11,565,000 after buying an additional 20,000 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in lululemon athletica during the second quarter worth about $3,276,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LULU. Weiss Ratings upgraded shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Stifel Nicolaus restated a “hold” rating and issued a $210.00 price target on shares of lululemon athletica in a research report on Tuesday, December 30th. Jefferies Financial Group reduced their price objective on lululemon athletica from $200.00 to $185.00 and set a “hold” rating on the stock in a research report on Friday, January 30th. JPMorgan Chase & Co. upped their target price on lululemon athletica from $203.00 to $209.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Bank of America raised their target price on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, lululemon athletica currently has an average rating of “Hold” and an average price target of $227.05.

lululemon athletica Stock Up 2.5%

Shares of lululemon athletica stock opened at $182.13 on Thursday. The firm has a market cap of $21.37 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 11.19 and a beta of 1.01. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $374.41. The business’s fifty day simple moving average is $195.75 and its 200-day simple moving average is $185.11.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company earned $2.53 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. 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 expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling

In other 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 directly owned 5,318 shares in the company, valued at $1,084,872. This trade represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

About lululemon athletica

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.