Fifth Third Bancorp Has $934,000 Holdings in lululemon athletica inc. $LULU

Key Points

• Fifth Third Bancorp reduced its stake in lululemon athletica by 79.6%, holding 3,930 shares worth approximately $934,000 following the sale of 15,318 shares in the second quarter.
• Institutional investors collectively own 85.20% of lululemon's stock, with several major funds increasing their positions in the apparel retailer in the first quarter.
• lululemon reported earnings of $3.10 per share for the last quarter, exceeding analysts' estimates, while its revenue was up by 6.5% year-over-year.

Fifth Third Bancorp lessened its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 79.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,930 shares of the apparel retailer's stock after selling 15,318 shares during the quarter. Fifth Third Bancorp's holdings in lululemon athletica were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. Flossbach Von Storch SE boosted its stake in shares of lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after purchasing an additional 130,565 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of lululemon athletica by 7.2% in the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock valued at $392,777,000 after purchasing an additional 93,530 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU opened at $176.30 on Monday. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32. The firm's 50 day moving average price is $192.06 and its two-hundred day moving average price is $245.95. The firm has a market cap of $20.91 billion, a P/E ratio of 11.99, a PEG ratio of 11.01 and a beta of 1.12.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on LULU shares. Baird R W lowered shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Zacks Research lowered shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Dbs Bank reduced their target price on shares of lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. Truist Financial lowered shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 target price on the stock. in a research note on Friday, September 5th. Finally, Piper Sandler reduced their target price on shares of lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $234.64.

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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