Canada Pension Plan Investment Board Has $33.18 Million Stock Holdings in lululemon athletica inc. $LULU

Key Points

• The Canada Pension Plan Investment Board increased its stake in lululemon athletica by 141.9% in Q1, owning approximately 0.10% of the company worth around $33 million after purchasing additional shares.
• lululemon reported a net margin of 16.82% and $2.37 billion in revenue for the most recent quarter, representing a 7.3% year-over-year increase.
• Major investors have recently adjusted their price targets for lululemon, with estimates ranging from $223 to $400, while the stock currently holds an average rating of "Moderate Buy."

Canada Pension Plan Investment Board grew its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 141.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 117,232 shares of the apparel retailer's stock after purchasing an additional 68,769 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of lululemon athletica worth $33,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Twin Capital Management Inc. increased its stake in shares of lululemon athletica by 58.3% in 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 during the last quarter. Narwhal Capital Management increased its stake in shares of lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after purchasing an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in shares of lululemon athletica in the 1st quarter valued at $9,209,000. WealthPlan Investment Management LLC increased its stake in shares of 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 purchasing an additional 1,622 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of lululemon athletica by 5.9% in the 1st quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer's stock valued at $211,704,000 after purchasing an additional 41,936 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LULU. CICC Research restated a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a research report on Monday, June 9th. Needham & Company LLC reduced their price objective on lululemon athletica from $317.00 to $238.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. TD Securities reduced their price objective on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. BTIG Research reduced their price objective on lululemon athletica from $405.00 to $375.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Finally, Jefferies Financial Group reduced their price objective on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $303.83.

lululemon athletica Stock Up 3.8%

Shares of NASDAQ LULU traded up $7.56 during trading on Thursday, reaching $206.09. The company had a trading volume of 14,432,969 shares, compared to its average volume of 2,772,305. The company's fifty day moving average price is $214.49 and its 200-day moving average price is $268.61. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32. The stock has a market cap of $24.70 billion, a P/E ratio of 13.96, a PEG ratio of 1.74 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results 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 43.48% and a net margin of 16.82%.During the same period last year, the firm posted $3.15 EPS. 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 analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Company 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.