lululemon athletica inc. $LULU Stock Position Increased by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in lululemon athletica inc. by 30.2% during the second quarter, holding 11,231 shares valued at $2.67 million.
• Institutional investors own 85.20% of lululemon's stock, with significant increases in holdings reported by multiple hedge funds in the last quarter.
• Analysts have recently downgraded lululemon's stock rating, with target prices ranging from $185.00 to $500.00, reflecting mixed outlooks on the company's performance.

Avanza Fonder AB raised its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 30.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,231 shares of the apparel retailer's stock after acquiring an additional 2,605 shares during the quarter. Avanza Fonder AB's holdings in lululemon athletica were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LULU. GAMMA Investing LLC increased its holdings in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after buying an additional 561,491 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after acquiring an additional 464,186 shares in the last quarter. Nuveen LLC bought a new stake in shares of lululemon athletica in the 1st quarter valued at about $123,894,000. Alliancebernstein L.P. increased its stake in shares of lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after purchasing an additional 394,706 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock valued at $1,418,389,000 after acquiring an additional 162,295 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Hsbc Global Res lowered lululemon athletica from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 11th. William Blair lowered shares of lululemon athletica from an "outperform" rating to a "market perform" rating in a report on Friday, September 5th. Morgan Stanley reduced their price target on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 26th. Robert W. Baird cut their price objective on shares of lululemon athletica from $260.00 to $225.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Finally, Citigroup dropped their price target on shares of lululemon athletica from $220.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $235.67.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

lululemon athletica Stock Performance

NASDAQ LULU traded up $3.79 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. The stock has a market cap of $20.56 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 10.59 and a beta of 1.12. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The business's 50-day moving average price is $196.27 and its 200 day moving average price is $249.99.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the business posted $3.15 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. 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, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.