35,114 lululemon athletica inc. $LULU Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management cut its lululemon position by 88.5% in the third quarter, selling 35,114 shares and retaining 4,556 shares worth approximately $438,000. Institutional investors collectively own 85.2% of the stock.
• Lululemon reported quarterly EPS of $2.92, well above the $1.79 consensus estimate, but revenue fell 4.3% year over year to $2.42 billion, slightly below expectations.
• Analyst sentiment remains weak: the stock carries an average “Reduce” rating, with a $105.26 consensus price target, while shares recently traded at $107.24—near their 52-week low of $90.38.

Evergreen Capital Management LLC cut its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 88.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,556 shares of the apparel retailer's stock after selling 35,114 shares during the period. Evergreen Capital Management LLC's holdings in lululemon athletica were worth $438,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of lululemon athletica in the second quarter worth about $1,010,565,000. Flossbach Von Storch SE bought a new stake in shares of lululemon athletica during the second quarter valued at approximately $207,392,000. Legal & General Group Plc bought a new stake in shares of lululemon athletica during the second quarter valued at approximately $100,660,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of lululemon athletica in the second quarter valued at approximately $82,551,000. Finally, Deutsche Bank AG acquired a new stake in shares of lululemon athletica in the second quarter valued at approximately $80,580,000. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Stock Performance

LULU opened at $107.24 on Friday. lululemon athletica inc. has a fifty-two week low of $90.38 and a fifty-two week high of $225.98. The stock has a fifty day moving average of $103.05 and a 200-day moving average of $134.55. The company has a market capitalization of $12.42 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.62 and a beta of 0.92.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $1.79 by $1.13. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the company earned $3.10 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, equities research analysts predict that lululemon athletica inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LULU shares. Zacks Research lowered lululemon athletica from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 17th. Telsey Advisory Group dropped their target price on lululemon athletica from $122.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, September 4th. Weiss Ratings lowered lululemon athletica from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday. Bank of America cut their target price on shares of lululemon athletica from $140.00 to $122.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of lululemon athletica in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, lululemon athletica currently has an average rating of "Reduce" and an average target price of $105.26.

About lululemon athletica

lululemon athletica inc. is a Vancouver, British Columbia-based designer, distributor and retailer of technical athletic apparel, footwear and accessories. The company serves consumers seeking products for yoga, running, training, fitness and other active lifestyles.

Its product portfolio includes women's and men's apparel, sports bras, leggings, tops, shorts, outerwear, footwear, bags and related accessories. lululemon sells its products through company-operated stores, e-commerce platforms and selected other channels, while also offering community-based fitness and wellness experiences connected to its brand.

Founded in 1998 by Chip Wilson, lululemon has expanded from its roots in yoga apparel into an international athletic and lifestyle brand.

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