lululemon athletica inc. $LULU Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has reduced its stake in lululemon athletica by 27.5%, now holding 42,973 shares valued at approximately $12.16 million after selling 16,300 shares.
• In contrast, other institutional investors, such as Twin Capital Management and Narwhal Capital Management, have increased their positions significantly, with Narwhal boosting its stake by 262.7% during the same period.
• CEO Calvin Mcdonald sold 27,049 shares of lululemon stock, marking a 19.66% decrease in his ownership, while institutional investors now hold 85.20% of the company's stock.

Korea Investment CORP cut its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 27.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,973 shares of the apparel retailer's stock after selling 16,300 shares during the quarter. Korea Investment CORP's holdings in lululemon athletica were worth $12,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in lululemon athletica by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after buying an additional 157,764 shares during the last quarter. Flossbach Von Storch SE raised its stake in lululemon athletica by 10.3% in the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after buying an additional 130,565 shares during the last quarter. Invesco Ltd. raised its stake in shares of lululemon athletica by 7.2% in the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock worth $392,777,000 after purchasing an additional 93,530 shares during the last quarter. American Century Companies Inc. raised its stake in shares of lululemon athletica by 12.1% in the first quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer's stock worth $368,266,000 after purchasing an additional 139,944 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of lululemon athletica by 15.2% in the fourth quarter. Northern Trust Corp now owns 1,143,730 shares of the apparel retailer's stock worth $437,374,000 after purchasing an additional 151,336 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LULU shares. Morgan Stanley restated an "equal weight" rating and issued a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. Wells Fargo & Company reduced their price objective on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 19th. Barclays reduced their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Evercore ISI lifted their price target on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Needham & Company LLC reduced their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, lululemon athletica has a consensus rating of "Moderate Buy" and an average target price of $319.98.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded up $9.41 during trading on Friday, reaching $207.59. The stock had a trading volume of 3,798,546 shares, compared to its average volume of 3,486,725. The business has a fifty day moving average price of $219.14 and a 200-day moving average price of $278.40. The stock has a market cap of $24.88 billion, a PE ratio of 14.06, a PEG ratio of 1.78 and a beta of 1.16. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company posted $2.54 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Sell-side analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current 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.