lululemon athletica inc. $LULU Shares Sold by Giverny Capital Inc.

Key Points

• Giverny Capital cut its lululemon stake by 9.7% in the second quarter, selling 13,797 shares and retaining 128,803 shares valued at approximately $14.7 million. Institutional investors collectively own 85.2% of the company.
• Lululemon’s second-quarter revenue fell 4.3% year over year to $2.42 billion, missing estimates, while comparable sales declined 9%. Management also reduced fiscal 2026 revenue and EPS guidance, citing continued weakness in North America and softer store traffic.
• Investor sentiment remains cautious, with analysts assigning a consensus “Reduce” rating and a $116.46 price target. Incoming CEO Heidi O’Neill faces pressure to revive growth, although director Charles Bergh bought about $500,000 of shares in an insider purchase.

Giverny Capital Inc. decreased its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,803 shares of the apparel retailer's stock after selling 13,797 shares during the quarter. Giverny Capital Inc. owned 0.11% of lululemon athletica worth $14,707,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NorthRock Partners LLC boosted its position in lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock valued at $276,000 after buying an additional 62 shares during the period. Murphy & Mullick Capital Management Corp raised its stake in shares of lululemon athletica by 4.3% in the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer's stock valued at $242,000 after acquiring an additional 65 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock valued at $1,016,000 after acquiring an additional 73 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in lululemon athletica by 70.3% in the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer's stock valued at $39,000 after purchasing an additional 78 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in lululemon athletica by 43.6% in the fourth quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer's stock valued at $58,000 after purchasing an additional 85 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Fiscal Q2 adjusted EPS of $2.92 exceeded the $1.79 consensus estimate. However, approximately $0.86 per share of the result came from tariff refunds, making the beat less indicative of underlying operating strength. lululemon Q2 Earnings Beat on Tariff Refunds Despite Revenue Miss
• Positive Sentiment: Michael Burry reportedly remains bullish and indicated he may buy more shares below $100, offering a contrarian vote of confidence despite the disappointing results. Lululemon Sinks 20% After Second Guidance Cut
• Neutral Sentiment: Incoming CEO Heidi O’Neill takes over next week, putting renewed focus on whether a product refresh, stronger marketing and improved traffic can restore growth. Lululemon forecast cut hits shares, underscores challenge for next CEO
• Neutral Sentiment: Analyst opinion became more cautious: Goldman Sachs, Barclays, JPMorgan, Morgan Stanley, Piper Sandler and others lowered price targets, though several retained neutral or market-perform ratings and some targets remain above the stock’s recent level.
• Negative Sentiment: Q2 revenue fell 4% year over year to $2.42 billion, below the $2.46 billion consensus, while comparable sales dropped 9%. Americas revenue declined 8% and comparable sales fell 12%, signaling weakness in the company’s core market. Lululemon shares tumble on weak China, North America sales
• Negative Sentiment: Management reduced fiscal 2026 revenue guidance to $10.35 billion-$10.50 billion and EPS guidance to $9.48-$9.73. Q3 revenue is expected to decline 10%-11%, reinforcing concerns that the slowdown will persist.
• Negative Sentiment: The CEO transition, uneven product acceptance, softer store traffic, intense competition and a stronger-than-expected jobs report that increased rate concerns compounded the pressure on the apparel retailer’s valuation.

Insider Transactions at lululemon athletica

In related news, Director Charles Bergh purchased 4,275 shares of the company's stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director directly owned 10,365 shares of the company's stock, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

lululemon athletica Price Performance

lululemon athletica stock opened at $100.61 on Monday. The stock has a market cap of $11.94 billion, a PE ratio of 8.24, a P/E/G ratio of 2.05 and a beta of 0.87. The stock's fifty day moving average is $118.42 and its two-hundred day moving average is $136.08. lululemon athletica inc. has a 1-year low of $97.99 and a 1-year high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $1.13. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the firm posted $3.10 EPS. The business's quarterly revenue was down 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, research analysts expect that lululemon athletica inc. will post 11.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LULU shares. Deutsche Bank Aktiengesellschaft cut their price target on lululemon athletica from $171.00 to $127.00 and set a "hold" rating on the stock in a report on Monday, June 8th. BTIG Research reiterated a "neutral" rating on shares of lululemon athletica in a research note on Friday. Daiwa Securities Group lowered their price objective on lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, June 9th. Robert W. Baird reduced their target price on shares of lululemon athletica from $140.00 to $115.00 and set a "neutral" rating on the stock in a report on Friday. Finally, Guggenheim reiterated a "neutral" rating on shares of lululemon athletica in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, lululemon athletica presently has a consensus rating of "Reduce" and a consensus target price of $116.46.

lululemon athletica Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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