Engineers Gate Manager LP Sells 39,095 Shares of lululemon athletica inc. $LULU

Key Points

• Engineers Gate Manager LP reduced its lululemon position by 47.1% in the second quarter, selling 39,095 shares and retaining 43,893 shares valued at approximately $5.0 million.
• Institutional investors own 85.2% of lululemon’s stock, with California State Teachers Retirement System significantly increasing its holdings and BlackRock, Norges Bank, Flossbach Von Storch, and Boston Partners establishing or adding major positions.
• Analyst sentiment remains weak, with a consensus “Reduce” rating and an average price target of $111.54. The company reported quarterly revenue down 4.3% year over year and lowered its outlook amid concerns about weakening demand and margin pressure.

Engineers Gate Manager LP decreased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 47.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,893 shares of the apparel retailer's stock after selling 39,095 shares during the period. Engineers Gate Manager LP's holdings in lululemon athletica were worth $5,012,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LULU. California State Teachers Retirement System grew its holdings in lululemon athletica by 10,065.8% during the 2nd quarter. California State Teachers Retirement System now owns 17,180,893 shares of the apparel retailer's stock worth $1,961,714,000 after acquiring an additional 17,011,886 shares during the period. BlackRock Inc. acquired a new position in shares of lululemon athletica in the 2nd quarter valued at about $1,010,565,000. Flossbach Von Storch SE bought a new stake in shares of lululemon athletica during the 2nd quarter valued at about $207,392,000. Norges Bank bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $362,598,000. Finally, Boston Partners acquired a new stake in lululemon athletica during the fourth quarter worth approximately $304,875,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on lululemon athletica from $145.00 to $115.00 and set a "hold" rating for the company in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft cut their price target on lululemon athletica from $171.00 to $127.00 and set a "hold" rating on the stock in a report on Monday, June 8th. Daiwa Securities Group reduced their price objective 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. Truist Financial reiterated a "sell" rating and issued a $82.00 price objective (down from $94.00) on shares of lululemon athletica in a research note on Friday, September 4th. Finally, Guggenheim reiterated a "neutral" rating on shares of lululemon athletica in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Reduce" and an average target price of $111.54.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles Bergh bought 4,275 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the acquisition, the director directly owned 10,365 shares of the company's stock, valued at approximately $1,213,223.25. The trade was a 70.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

lululemon athletica News Roundup

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

lululemon athletica Trading Up 2.2%

NASDAQ LULU opened at $98.97 on Friday. The company has a market cap of $11.74 billion, a P/E ratio of 8.11, a PEG ratio of 2.47 and a beta of 0.87. The company has a fifty day simple moving average of $116.77 and a 200 day simple moving average of $133.51. 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 released its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $3.10 earnings per share. The business'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. Sell-side analysts predict that lululemon athletica inc. will post 8.91 EPS 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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