FORA Capital LLC Raises Position in lululemon athletica inc. $LULU

Key Points

• FORA Capital boosted its stake in lululemon by 260.8% in Q3 to 39,110 shares worth $6.96 million, making LULU about 1.2% of the firm's portfolio and its 11th largest holding.
• Insider Celeste Burgoyne sold 13,511 shares at an average price of $204 (≈$2.76M), cutting her direct ownership by 71.76%; overall insider ownership is just 0.54% while institutional ownership stands at 85.20%.
• lululemon reported a quarterly beat (EPS $2.59 vs. $2.22, revenue $2.57B, revenue +7.1% YoY) and strong profitability, but analyst views are mixed with a consensus "Hold" and an average price target of $223.40.

FORA Capital LLC boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 260.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,110 shares of the apparel retailer's stock after buying an additional 28,271 shares during the period. lululemon athletica makes up about 1.2% of FORA Capital LLC's holdings, making the stock its 11th largest holding. FORA Capital LLC's holdings in lululemon athletica were worth $6,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. MGO One Seven LLC raised its holdings in shares of lululemon athletica by 4.5% in the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer's stock valued at $238,000 after acquiring an additional 58 shares in the last quarter. Greenleaf Trust grew its holdings in shares of lululemon athletica by 2.7% during the third quarter. Greenleaf Trust now owns 2,319 shares of the apparel retailer's stock worth $413,000 after purchasing an additional 62 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of lululemon athletica by 81.9% during the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 68 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock worth $1,016,000 after purchasing an additional 73 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of lululemon athletica by 3.2% in the third quarter. Banque Cantonale Vaudoise now owns 2,422 shares of the apparel retailer's stock worth $430,000 after purchasing an additional 74 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the company's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the sale, the insider directly owned 5,318 shares in the company, valued at $1,084,872. This represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $157.78 on Friday. The stock has a market capitalization of $18.51 billion, a P/E ratio of 10.93, a PEG ratio of 9.96 and a beta of 1.00. lululemon athletica inc. has a one year low of $156.64 and a one year high of $348.50. The firm's 50 day simple moving average is $184.18 and its two-hundred day simple moving average is $182.53.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the business posted $2.53 EPS. The business's quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica News Summary

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

• Positive Sentiment: Product and brand strength highlighted in lifestyle coverage supports demand resilience for lululemon’s core apparel and technical leggings, reinforcing the company’s premium positioning. I work out daily—Lululemon, Brooks, Vuori and more keep me cool and comfortable while in motion
• Positive Sentiment: Coverage that includes LULU among “cash-producing” stocks underscores the company’s ability to generate cash, a plus for flexibility on buybacks, investment or weathering slower comps. 3 Cash-Producing Stocks to Research Further
• Neutral Sentiment: Quarterly outlook and estimate roundups (Wall Street metrics for Q4/FY) provide detail investors will watch for signs of margin recovery, wholesale trends and Outerknown/men’s/growth initiatives; these are informational but could move the stock when compared to company guidance. Unveiling Lululemon (LULU) Q4 Outlook: Wall Street Estimates for Key Metrics
• Negative Sentiment: Founder Chip Wilson publicly urged CEO candidates to beware an “unfit” board and called for board refreshment, escalating governance concerns during the CEO search; as a large shareholder, his comments raise investor uncertainty about leadership, strategy continuity and potential proxy tensions. Chip Wilson to lululemon CEO Candidates: Beware a Board Unfit to Support Visionary Leadership
• Negative Sentiment: Telsey Advisory Group assigned a Market Perform rating, which signals tepid near-term expectations from a sell-side perspective and can weigh on sentiment until clearer evidence of top-line acceleration or margin improvement appears. lululemon athletica NASDAQ: LULU Earns Market Perform Rating from Telsey Advisory Group

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LULU. Jefferies Financial Group dropped their target price on shares of lululemon athletica from $200.00 to $185.00 and set a "hold" rating for the company in a research report on Friday, January 30th. Barclays increased their price target on shares of lululemon athletica from $180.00 to $189.00 and gave the stock an "equal weight" rating in a report on Friday, December 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $215.00 price objective on shares of lululemon athletica in a report on Tuesday. Raymond James Financial reiterated a "strong-buy" rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Finally, Citigroup increased their target price on lululemon athletica from $190.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $223.40.

lululemon athletica Profile

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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