Bank of New York Mellon Corp Cuts Stock Holdings in lululemon athletica inc. $LULU

Bank of New York Mellon Corp lowered its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 10.8% in the first quarter, Holdings Channel.com reports. The fund owned 542,887 shares of the apparel retailer’s stock after selling 65,500 shares during the quarter. Bank of New York Mellon Corp’s holdings in lululemon athletica were worth $83,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of lululemon athletica by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock worth $631,526,000 after purchasing an additional 71,464 shares in the last quarter. Invesco Ltd. raised its stake in lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after purchasing an additional 490,127 shares during the last quarter. Morgan Stanley lifted its holdings in lululemon athletica by 2.8% in the 4th quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock valued at $456,592,000 after purchasing an additional 59,282 shares in the last quarter. Norges Bank purchased a new position in lululemon athletica in the 4th quarter valued at $362,598,000. Finally, Boston Partners purchased a new position in lululemon athletica in the 4th quarter valued at $304,875,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other lululemon athletica news, Director Charles V. Bergh acquired 4,275 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the transaction, the director owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. The trade was a 70.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LULU. Jefferies Financial Group dropped their target price on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a report on Friday, June 5th. Robert W. Baird decreased their price target on shares of lululemon athletica from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Freedom Capital upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Barclays dropped their price objective on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, Stifel Nicolaus cut their price objective on shares of lululemon athletica from $176.00 to $134.00 and set a “hold” rating for the company in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-four have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Reduce” and a consensus target price of $148.35.

lululemon athletica Price Performance

Shares of LULU stock opened at $116.63 on Wednesday. The company has a market capitalization of $13.84 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.88. The firm’s 50-day moving average is $119.19 and its two-hundred day moving average is $152.76. lululemon athletica inc. has a 12 month low of $104.44 and a 12 month high of $226.24.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.60 EPS. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. Sell-side analysts forecast that lululemon athletica inc. will post 10.94 EPS for the current 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.