lululemon athletica inc. $LULU Shares Sold by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC sold 1,675 shares of lululemon, reducing its position by 52.9%, and now holds 1,491 shares valued at approximately $354,000.
• Several hedge funds, including T. Rowe Price and AllianceBernstein, have increased their stakes in lululemon, highlighting institutional confidence in the company despite recent stock fluctuations.
• Analyst ratings for lululemon are mixed, with one Strong Buy, three Buy, and several Hold and Sell ratings, indicating uncertainty in the stock's performance moving forward.

NorthRock Partners LLC reduced its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 52.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,491 shares of the apparel retailer's stock after selling 1,675 shares during the quarter. NorthRock Partners LLC's holdings in lululemon athletica were worth $354,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock worth $218,052,000 after acquiring an additional 464,186 shares during the last quarter. Nuveen LLC acquired a new stake in shares of lululemon athletica in the 1st quarter worth $123,894,000. Alliancebernstein L.P. increased its stake in shares of lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after acquiring an additional 394,706 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after acquiring an additional 162,295 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of lululemon athletica by 16.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer's stock worth $319,463,000 after acquiring an additional 160,897 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the firm's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. Morgan Stanley cut their target price on lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 30th. Dbs Bank cut their target price on lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. Telsey Advisory Group downgraded lululemon athletica from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $360.00 to $200.00 in a research note on Monday, September 15th. Baird R W downgraded lululemon athletica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Finally, BTIG Research reiterated a "buy" rating and set a $303.00 price target on shares of lululemon athletica in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, lululemon athletica has an average rating of "Hold" and a consensus price target of $231.26.

lululemon athletica Trading Down 1.5%

NASDAQ LULU opened at $164.62 on Friday. The stock has a market cap of $19.52 billion, a PE ratio of 11.19, a P/E/G ratio of 10.45 and a beta of 1.07. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32. The stock has a fifty day simple moving average of $182.11 and a 200-day simple moving average of $232.60.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its 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 42.05% and a net margin of 16.38%.The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the business posted $3.15 EPS. lululemon athletica'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 year.

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.

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