Country Club Bank Has $1.90 Million Position in lululemon athletica inc. $LULU

Key Points

• Country Club Bank reduced its stake in lululemon athletica by 38.7% during the second quarter, now holding 8,062 shares valued at approximately $1.90 million.
• Various hedge funds increased their holdings in lululemon athletica, with Vanguard Group now owning 13.27 million shares valued at nearly $3.76 billion.
• Analysts' target prices for lululemon athletica have seen significant reductions, with JPMorgan cutting its target from $224 to $191 and several others downgrading their ratings.

Country Club Bank reduced its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 38.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,062 shares of the apparel retailer's stock after selling 5,100 shares during the period. Country Club Bank's holdings in lululemon athletica were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in lululemon athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after buying an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after buying an additional 162,295 shares during the period. Alliancebernstein L.P. boosted its position in lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after buying an additional 394,706 shares during the period. Flossbach Von Storch SE boosted its position in lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock worth $396,818,000 after buying an additional 130,565 shares during the period. Finally, Invesco Ltd. boosted its position in lululemon athletica by 7.2% during the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock worth $392,777,000 after buying an additional 93,530 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on LULU. JPMorgan Chase & Co. cut their target price on shares of lululemon athletica from $224.00 to $191.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. KeyCorp downgraded shares of lululemon athletica from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, September 9th. Evercore ISI reiterated an "in-line" rating and set a $180.00 target price (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. TD Securities cut their target price on shares of lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. Finally, Hsbc Global Res lowered shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $232.29.

lululemon athletica Stock Down 0.5%

NASDAQ:LULU opened at $173.17 on Wednesday. The company has a fifty day moving average of $185.97 and a 200-day moving average of $239.36. The firm has a market capitalization of $20.53 billion, a P/E ratio of 11.77, a P/E/G ratio of 10.88 and a beta of 1.07. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32.

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

Insider Buying and Selling at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Company 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.

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