HS Management Partners LLC Cuts Position in lululemon athletica inc. $LULU

Key Points

• HS Management Partners LLC reduced its stake in lululemon athletica by 35.6%, selling 69,325 shares, leaving them with 125,534 shares, which represents approximately 2.4% of their investment portfolio.
• Several institutional investors are actively changing their positions in lululemon, including Brighton Jones LLC, which acquired new shares valued at about $429,000.
• Equities analysts have recently adjusted their price targets for lululemon, with JPMorgan Chase lowering it from $224 to $191 and Wells Fargo cutting theirs from $205 to $160, reflecting a generally cautious outlook on the stock.

HS Management Partners LLC cut its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 35.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,534 shares of the apparel retailer's stock after selling 69,325 shares during the quarter. lululemon athletica accounts for approximately 2.4% of HS Management Partners LLC's investment portfolio, making the stock its 21st largest position. HS Management Partners LLC owned 0.10% of lululemon athletica worth $29,824,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in lululemon athletica in the fourth quarter worth about $429,000. NorthCrest Asset Manangement LLC boosted its holdings in shares of lululemon athletica by 6.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer's stock worth $458,000 after purchasing an additional 71 shares during the period. First Hawaiian Bank bought a new position in shares of lululemon athletica during the 1st quarter valued at approximately $806,000. Versant Capital Management Inc raised its holdings in lululemon athletica by 122.4% during the 1st quarter. Versant Capital Management Inc now owns 407 shares of the apparel retailer's stock valued at $115,000 after buying an additional 224 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in lululemon athletica by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,168 shares of the apparel retailer's stock valued at $897,000 after buying an additional 39 shares during the period. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Wells Fargo & Company cut their target price on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, September 5th. Rothschild & Co Redburn decreased their price target on lululemon athletica from $230.00 to $160.00 and set a "sell" rating for the company in a research note on Friday, September 12th. KeyCorp downgraded lululemon athletica from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, September 9th. Finally, Barclays decreased their target price on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating for the company in a research report 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $234.64.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $176.30 on Friday. The stock has a market capitalization of $20.91 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 10.74 and a beta of 1.12. The business has a fifty day moving average price of $192.06 and a 200 day moving average price of $246.87. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $3.15 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, equities research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

About lululemon athletica

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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