lululemon athletica inc. $LULU Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 17.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,491 shares of the apparel retailer's stock after selling 3,384 shares during the period. Truist Financial Corp's holdings in lululemon athletica were worth $3,918,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after acquiring an additional 157,764 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. Flossbach Von Storch SE grew its position in shares of 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 purchasing an additional 130,565 shares during the last quarter. Finally, Invesco Ltd. grew its position 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 valued at $392,777,000 after purchasing an additional 93,530 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred on 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 approximately $1,600,754. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 1.0%

Shares of LULU stock opened at $174.82 on Thursday. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 10.82 and a beta of 1.07. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The firm's 50 day moving average price is $185.34 and its two-hundred day moving average price is $238.92.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm posted $3.15 earnings per share. The firm's quarterly revenue 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. On average, equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler lowered their target price on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Truist Financial lowered lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price objective on the stock. in a research note on Friday, September 5th. Oppenheimer reaffirmed a "market perform" rating and set a $500.00 price target on shares of lululemon athletica in a research note on Friday, September 5th. Telsey Advisory Group cut shares of lululemon athletica from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $360.00 to $200.00 in a research note on Monday, September 15th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of lululemon athletica in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $232.29.

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.

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