CIBC Asset Management Inc Sells 10,034 Shares of lululemon athletica inc. $LULU

Key Points

• CIBC Asset Management cut its lululemon position by 28.3% in the fourth quarter, selling 10,034 shares and ending with 25,482 shares valued at about $5.3 million.
• lululemon’s stock has fallen sharply, opening at $114.23 and sitting near its 52-week low, with a market cap of $13.79 billion and well below its 50-day and 200-day moving averages.
• The company beat quarterly EPS and revenue estimates, but it also lowered FY2026 and Q2 guidance, and several analysts cut price targets or ratings amid concerns about slowing growth and weaker demand.

CIBC Asset Management Inc lessened its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,482 shares of the apparel retailer's stock after selling 10,034 shares during the quarter. CIBC Asset Management Inc's holdings in lululemon athletica were worth $5,295,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Integrated Financial Solutions Inc. bought a new position in lululemon athletica in the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp raised its holdings in lululemon athletica by 187.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer's stock valued at $27,000 after buying an additional 105 shares during the last quarter. GoalVest Advisory LLC bought a new position in lululemon athletica in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in lululemon athletica in the 4th quarter valued at approximately $31,000. Finally, MMA Asset Management LLC bought a new position in lululemon athletica in the 3rd quarter valued at approximately $36,000. Institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Down 8.6%

Shares of LULU stock opened at $114.23 on Friday. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 3.52 and a beta of 0.87. lululemon athletica inc. has a 52 week low of $109.36 and a 52 week high of $275.60. The firm has a 50 day moving average of $141.19 and a 200-day moving average of $169.96.

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 the consensus estimate of $1.67 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.61%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. 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. Analysts anticipate that lululemon athletica inc. will post 12.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BNP Paribas Exane lowered shares of lululemon athletica from a "neutral" rating to an "underperform" rating and set a $88.00 price target for the company. in a report on Friday. Piper Sandler lowered their price target on shares of lululemon athletica from $130.00 to $110.00 and set a "neutral" rating for the company in a report on Friday. Sanford C. Bernstein lowered their price target on shares of lululemon athletica from $170.00 to $145.00 and set a "market perform" rating for the company in a report on Wednesday. Telsey Advisory Group lowered their price target on shares of lululemon athletica from $175.00 to $122.00 and set a "market perform" rating for the company in a report on Friday. Finally, Stifel Nicolaus lowered their price target on shares of lululemon athletica from $176.00 to $134.00 and set a "hold" rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Hold" and a consensus target price of $165.13.

Key Headlines Impacting lululemon athletica

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

• Positive Sentiment: lululemon posted first-quarter EPS of $1.69 and revenue of $2.47 billion, both slightly ahead of Wall Street estimates, showing the business is still generating profits and growing revenue overall.
• Positive Sentiment: Management said international growth remains a bright spot, with China and other overseas markets helping offset some of the weakness in North America.
• Neutral Sentiment: Several analysts reiterated neutral/hold views while cutting price targets, signaling that expectations have been reset but not all firms are calling for a deeper selloff.
• Neutral Sentiment: New commentary suggests valuation may now look more attractive after the sharp drop, but investors are waiting for proof that the turnaround is working.
• Negative Sentiment: lululemon cut its FY2026 revenue and profit guidance and issued weaker-than-expected Q2 guidance, citing ongoing headwinds, tariff costs, markdown pressure, and softer traffic.
• Negative Sentiment: Multiple brokerages lowered targets on LULU, including BofA, JPMorgan, Barclays, Wells Fargo, Piper Sandler, and others, with some downgrading the stock to hold/neutral or underperform.
• Negative Sentiment: Articles cited fading brand momentum, product misfires, and negative social/media commentary, reinforcing concerns that lululemon’s core U.S. business is losing steam ahead of the incoming CEO transition.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Andre Maestrini purchased 3,275 shares of lululemon athletica stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $151.02 per share, with a total value of $494,590.50. Following the transaction, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. This trade represents a 10.47% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total transaction of $100,142.00. Following the completion of the sale, the insider directly owned 19,156 shares of the company's stock, valued at approximately $3,084,116. The trade was a 3.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.54% of the company's stock.

About lululemon athletica

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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