Ilmarinen Mutual Pension Insurance Co Sells 5,000 Shares of lululemon athletica inc. $LULU

Key Points

• Ilmarinen Mutual Pension Insurance Co has reduced its stake in lululemon athletica by 25%, now owning 15,000 shares valued at $4.25 million.
• Several investment firms have adjusted their ratings and price targets for lululemon athletica, with Goldman Sachs lowering its price objective from $232 to $200.
• CEO Calvin McDonald sold over 27,000 shares of lululemon stock, decreasing his ownership by 19.66%, while still holding shares worth over $26 million.

Ilmarinen Mutual Pension Insurance Co reduced its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 25.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the apparel retailer's stock after selling 5,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in lululemon athletica were worth $4,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandler Capital Management acquired a new stake in shares of lululemon athletica in the first quarter valued at $484,000. Twin Capital Management Inc. lifted its holdings in shares of lululemon athletica by 58.3% during the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after purchasing an additional 1,354 shares in the last quarter. Narwhal Capital Management boosted its stake in lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after purchasing an additional 13,600 shares during the period. Sawgrass Asset Management LLC acquired a new stake in lululemon athletica in the 1st quarter valued at approximately $9,209,000. Finally, WealthPlan Investment Management LLC lifted its stake in lululemon athletica by 26.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock valued at $2,165,000 after acquiring an additional 1,622 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LULU shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $200.00 price target (down previously from $360.00) on shares of lululemon athletica in a research report on Friday, September 5th. William Blair lowered lululemon athletica from an "outperform" rating to a "market perform" rating in a research report on Friday, September 5th. Morgan Stanley lowered their price target on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 26th. TD Securities decreased their target price on lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, September 5th. Finally, Robert W. Baird decreased their target price on lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $242.24.

lululemon athletica Price Performance

NASDAQ LULU traded down $5.91 on Friday, reaching $159.87. The stock had a trading volume of 7,990,753 shares, compared to its average volume of 6,675,882. The firm has a fifty day moving average of $204.62 and a two-hundred day moving average of $259.16. lululemon athletica inc. has a 1-year low of $159.75 and a 1-year high of $423.32. The company has a market cap of $19.16 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 6.83 and a beta of 1.12.

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

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica 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.