Assenagon Asset Management S.A. Has $22.32 Million Stake in lululemon athletica inc. $LULU

Key Points

• Assenagon Asset Management S.A. sold 74,498 shares of lululemon athletica, reducing its stake by 44.2% to approximately 93,931 shares valued at around $22.3 million.
• In the first quarter, several other institutional investors increased their positions or purchased new stakes in lululemon, indicating a growing interest in the company despite the recent sell-off.
• Lululemon reported a quarterly EPS of $3.10, exceeding expectations, but its revenue of $2.53 billion slightly missed analyst forecasts of $2.55 billion.

Assenagon Asset Management S.A. lowered its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 44.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,931 shares of the apparel retailer's stock after selling 74,498 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of lululemon athletica worth $22,316,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Manhattan West Asset Management LLC lifted its holdings in lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock valued at $205,000 after acquiring an additional 37 shares during the period. Horizon Investments LLC increased its position in lululemon athletica by 2.4% during the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after purchasing an additional 38 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in lululemon athletica by 30.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock worth $63,000 after purchasing an additional 39 shares in the last quarter. Moody National Bank Trust Division increased its position in lululemon athletica by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,168 shares of the apparel retailer's stock worth $897,000 after purchasing an additional 39 shares in the last quarter. Finally, GM Advisory Group LLC increased its position in lululemon athletica by 2.0% during the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock worth $564,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $3.79 during trading on Monday, reaching $173.41. The stock had a trading volume of 6,335,676 shares, compared to its average volume of 7,436,171. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The stock has a market cap of $20.56 billion, a PE ratio of 11.79, a P/E/G ratio of 10.59 and a beta of 1.12. The firm's 50 day moving average price is $197.38 and its two-hundred day moving average price is $251.19.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. William Blair cut lululemon athletica from an "outperform" rating to a "market perform" rating in a research report on Friday, September 5th. UBS Group reduced their price objective on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. HSBC lowered lululemon athletica from a "buy" rating to a "hold" rating and set a $175.00 price objective on the stock. in a research note on Thursday, September 11th. Wells Fargo & Company reduced their price objective on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, September 5th. Finally, Robert W. Baird reduced their price target on lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $235.67.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

lululemon athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.