BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in lululemon athletica inc. $LULU

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its holdings in lululemon athletica by 3.6%, now owning over 62,000 shares valued at approximately $17.69 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have significantly increased their stakes in lululemon, with 85.20% of the stock now held by institutional investors.
• Analysts have mixed opinions on lululemon's stock, with target prices ranging from $250 to $400, and a consensus rating of "Moderate Buy."

BI Asset Management Fondsmaeglerselskab A S grew its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,507 shares of the apparel retailer's stock after buying an additional 2,189 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of lululemon athletica worth $17,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new stake in lululemon athletica during the fourth quarter worth $30,000. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica during the first quarter worth about $25,000. Cornerstone Planning Group LLC increased its position in shares of lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $31,000. Finally, Garde Capital Inc. purchased a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the topic of a number of research analyst reports. TD Securities cut their target price on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday. BTIG Research cut their price objective on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Jefferies Financial Group lowered their target price on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Robert W. Baird dropped their target price on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research report on Monday, August 11th. Finally, BMO Capital Markets cut their price target on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and a consensus target price of $319.98.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

lululemon athletica Trading Up 4.7%

Shares of LULU stock traded up $9.41 on Friday, reaching $207.59. 3,798,546 shares of the stock were exchanged, compared to its average volume of 3,428,189. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.69 and a beta of 1.16. The business's 50 day moving average price is $219.14 and its 200 day moving average price is $279.32. lululemon athletica inc. has a twelve month low of $185.95 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced 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. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.lululemon athletica's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Equities research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.