California State Teachers Retirement System Buys 17,011,886 Shares of lululemon athletica inc. $LULU

Key Points

• California State Teachers Retirement System bought 17.0 million additional lululemon shares in the second quarter, increasing its stake by 10,065.8% to 17.18 million shares, or approximately 14.48% of the company.
• Analyst sentiment is broadly negative, with 21 “Hold” and six “Sell” ratings; the consensus rating is “Reduce” and the average price target is $111.54.
• lululemon’s latest revenue declined 4.3% year over year, and the company lowered its outlook amid weakening demand and margin concerns. Shares opened at $98.97, near the 12-month low of $95.67.

California State Teachers Retirement System lifted its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10,065.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,180,893 shares of the apparel retailer's stock after buying an additional 17,011,886 shares during the period. California State Teachers Retirement System owned about 14.48% of lululemon athletica worth $1,961,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Uniplan Investment Counsel Inc. bought a new stake in lululemon athletica in the fourth quarter valued at $26,000. Elyxium Wealth LLC bought a new position in shares of lululemon athletica during the fourth quarter valued at $31,000. Rexford Capital Inc. acquired a new stake in shares of lululemon athletica in the 1st quarter valued at $31,000. DV Equities LLC acquired a new stake in shares of lululemon athletica in the 4th quarter valued at $31,000. Finally, Gould Capital LLC bought a new stake in shares of lululemon athletica in the 1st quarter worth about $32,000. Institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LULU shares. Daiwa Securities Group dropped their target price on shares of lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, June 9th. Telsey Advisory Group decreased their price objective on shares of lululemon athletica from $122.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of lululemon athletica from $171.00 to $127.00 and set a "hold" rating for the company in a report on Monday, June 8th. Zacks Research upgraded shares of lululemon athletica from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, Citigroup reduced their target price on lululemon athletica from $130.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $111.54.

lululemon athletica Stock Up 2.2%

lululemon athletica stock opened at $98.97 on Friday. The stock has a 50-day simple moving average of $116.77 and a 200 day simple moving average of $133.51. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 2.47 and a beta of 0.87. lululemon athletica inc. has a 12-month low of $95.67 and a 12-month high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $1.13. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm earned $3.10 EPS. The company's revenue was down 4.3% on a year-over-year basis. 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, sell-side analysts anticipate that lululemon athletica inc. will post 8.91 EPS for the current year.

More lululemon athletica News

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

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

Insider Activity at lululemon athletica

In related news, Director Charles Bergh purchased 4,275 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The acquisition 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 company insiders.

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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