8,850,632 Shares in lululemon athletica inc. $LULU Purchased by BlackRock Inc.

BlackRock Inc. acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,850,632 shares of the apparel retailer's stock, valued at approximately $1,010,565,000. BlackRock Inc. owned approximately 7.46% of lululemon athletica at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Uniplan Investment Counsel Inc. acquired a new stake in shares of lululemon athletica during the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at about $31,000. Rexford Capital Inc. purchased a new stake in lululemon athletica during the first quarter worth about $31,000. DV Equities LLC purchased a new stake in lululemon athletica during the fourth quarter worth about $31,000. Finally, Gould Capital LLC acquired a new position in lululemon athletica during the first quarter worth about $32,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

Shares of NASDAQ LULU opened at $121.07 on Friday. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.79 and a beta of 0.86. lululemon athletica inc. has a 52 week low of $104.44 and a 52 week high of $225.98. The business has a 50 day simple moving average of $117.42 and a 200 day simple moving average of $140.39.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.02. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business posted $2.60 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. 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. On average, analysts predict that lululemon athletica inc. will post 10.93 EPS for the current year.

Insiders Place Their Bets

In related news, Director Charles V. Bergh bought 4,275 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Freedom Capital upgraded lululemon athletica from a "strong sell" rating to a "hold" rating in a report on Friday, June 5th. Rothschild & Co Redburn reduced their target price on lululemon athletica from $160.00 to $110.00 and set a "sell" rating on the stock in a report on Tuesday, June 16th. Bank of America decreased their price target on shares of lululemon athletica from $175.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, June 5th. Stifel Nicolaus cut their price objective on lululemon athletica from $176.00 to $134.00 and set a "hold" rating on the stock in a research report on Friday, June 5th. Finally, Truist Financial lowered lululemon athletica from a "hold" rating to a "sell" rating and reduced their price target for the stock from $115.00 to $94.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $148.54.

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.

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