Bank of America Corp DE Takes $70.24 Million Position in lululemon athletica inc. $LULU

Key Points

• Bank of America acquired 615,192 lululemon shares during the second quarter, valued at approximately $70.24 million and representing a 0.52% stake. Institutional investors collectively own 85.20% of the company.
• Lululemon reported quarterly EPS of $2.92, well above the $1.79 estimate, but revenue of $2.42 billion missed expectations and declined 4.3% year over year. The company has also lowered its full-year outlook amid weaker demand, declining leggings sales and margin pressure.
• Investor sentiment remains cautious: analysts’ consensus rating is “Reduce,” with a $110.57 average price target, while shares recently traded near $98.06—close to the 52-week low of $95.35.

Bank of America Corp DE acquired a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 615,192 shares of the apparel retailer's stock, valued at approximately $70,243,000. Bank of America Corp DE owned 0.52% of lululemon athletica as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Caisse de depot et placement du Quebec acquired a new stake in shares of lululemon athletica during the second quarter valued at approximately $42,672,000. Jupiter Topco LLC purchased a new stake in shares of lululemon athletica in the second quarter valued at $1,510,000. Ancora Advisors LLC purchased a new stake in shares of lululemon athletica in the second quarter valued at $37,000. Canada Pension Plan Investment Board acquired a new stake in shares of lululemon athletica in the second quarter worth $27,734,000. Finally, Legal & General Group Plc purchased a new position in shares of lululemon athletica during the second quarter valued at $100,660,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Trending Headlines about lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Lululemon’s product strategy refresh—including new styles, faster replenishment and greater brand investment—could support a recovery in full-price sales if the initiatives improve product appeal and reduce markdowns. Lululemon Refreshes Product Strategy: Will New Styles Click?
• Positive Sentiment: International expansion remains a potential long-term growth engine, offering the company an opportunity to offset weakness in North America through new markets and stores. International Growth Could Support Lululemon
• Positive Sentiment: Nike and Lululemon agreed to end their patent dispute involving Mirror home-workout technology, removing a litigation overhang, although the settlement does not directly improve operating results. Nike and Lululemon End Mirror Patent Dispute
• Neutral Sentiment: Analyst estimates were mixed: Zacks Research raised its Q2 2028 EPS forecast to $1.98 from $1.92 but lowered its Q1 2028 estimate to $1.58 from $1.72. The firm maintained a “Hold” rating. Lululemon Analyst Estimate Changes
• Negative Sentiment: Recent quarterly results showed earnings helped by tariff refunds, but revenue fell short of expectations, declined year over year and was accompanied by weaker regional demand and lower full-year guidance. Investors may view the profit benefit as temporary. LULU Q2 Earnings Show Tariff Refunds but Demand Remains Under Pressure
• Negative Sentiment: Lululemon has cut its fiscal 2026 revenue and profit outlook for the second time this year, intensifying concerns about demand, competition and execution as new CEO Heidi O’Neill begins her tenure. Lululemon Cuts Its Outlook Again
• Negative Sentiment: Women’s leggings sales reportedly fell about 20% in fiscal Q2, while analysts point to slowing growth, margin pressure and product-reset risks. These issues have contributed to the stock’s sharp decline and prompted some brokerages to assign an average “Reduce” rating. Lululemon Leggings Sales Decline
• Negative Sentiment: Several law firms have announced investigations into potential securities-law claims related to investor losses. These announcements can add reputational and legal uncertainty, although they do not establish wrongdoing. Lululemon Securities Investigation

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup reduced their price objective on lululemon athletica from $130.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, September 9th. Argus reaffirmed a "hold" rating on shares of lululemon athletica in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft dropped their target price on lululemon athletica from $171.00 to $127.00 and set a "hold" rating on the stock in a report on Monday, June 8th. Wells Fargo & Company reduced their price target on shares of lululemon athletica from $105.00 to $95.00 and set an "equal weight" rating for the company in a research report on Friday, September 4th. Finally, BMO Capital Markets began coverage on shares of lululemon athletica in a report on Wednesday, September 9th. They set an "underperform" rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $110.57.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $98.06 on Friday. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 2.34 and a beta of 0.87. The stock has a 50-day simple moving average of $115.01 and a 200-day simple moving average of $130.58. lululemon athletica inc. has a 52-week low of $95.35 and a 52-week high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping the consensus estimate of $1.79 by $1.13. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. lululemon athletica's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.10 EPS. 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. As a group, equities research analysts predict that lululemon athletica inc. will post 9.55 earnings per share for the current year.

About lululemon athletica

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company's products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.

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