Assenagon Asset Management S.A. Sells 60,993 Shares of lululemon athletica inc. $LULU

Key Points

• Assenagon Asset Management cut its lululemon stake by 34.8% in the second quarter, selling 60,993 shares and retaining 114,176 shares worth approximately $13.0 million. Institutional investors and hedge funds collectively own 85.2% of LULU.
• Lululemon reported quarterly revenue of $2.47 billion, up 4.3% year over year, and adjusted earnings of $1.69 per share, slightly exceeding analysts’ expectations. The company guided for fiscal 2026 earnings of $10.95–$11.15 per share.
• Analysts have become more cautious: several firms cut their price targets, and the stock has an average “Reduce” rating with a consensus target of $148.54. LULU opened at $127.80, well below its 12-month high of $225.98.

Assenagon Asset Management S.A. lowered its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,176 shares of the apparel retailer's stock after selling 60,993 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of lululemon athletica worth $13,037,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LULU. Uniplan Investment Counsel Inc. acquired a new position in lululemon athletica during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in lululemon athletica in the 4th quarter worth $31,000. Rexford Capital Inc. acquired a new position in lululemon athletica during the 1st quarter worth $31,000. DV Equities LLC acquired a new position in lululemon athletica during the 4th quarter worth $31,000. Finally, Gould Capital LLC acquired a new position in lululemon athletica during the 1st quarter worth $32,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Transactions at lululemon athletica

In related news, Director Charles V. Bergh acquired 4,275 shares of the company's stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director directly owned 10,365 shares of the company's stock, valued at $1,213,223.25. The trade was a 70.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Stock Down 0.6%

Shares of LULU opened at $127.80 on Tuesday. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $225.98. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 4.22 and a beta of 0.86. The stock's 50-day moving average price is $117.69 and its 200 day moving average price is $144.23.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.02. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $2.60 EPS. The company'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. Equities research analysts expect that lululemon athletica inc. will post 10.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America lowered their price target on lululemon athletica from $175.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. Piper Sandler cut their price objective on lululemon athletica from $130.00 to $110.00 and set a "neutral" rating for the company in a research report on Friday, June 5th. Daiwa Securities Group decreased their target price on lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, June 9th. The Goldman Sachs Group lowered their target price on lululemon athletica from $177.00 to $122.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. Finally, Stifel Nicolaus lowered their target price on lululemon athletica from $176.00 to $134.00 and set a "hold" rating on the stock in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-four have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $148.54.

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.

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