lululemon athletica inc. $LULU Shares Acquired by Swedbank AB

Key Points

• Swedbank AB increased its stake in lululemon athletica by 7.5%, owning 59,629 shares worth approximately $14.17 million as of the last SEC filing.
• Analyst ratings have turned cautious, with Bank of America lowering its price target from $210 to $185 and several others adjusting their ratings to "neutral" or lower.
• During its latest earnings report, lululemon posted $3.10 EPS, exceeding expectations, though revenues slightly missed estimates at $2.53 billion.

Swedbank AB boosted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,629 shares of the apparel retailer's stock after acquiring an additional 4,152 shares during the quarter. Swedbank AB's holdings in lululemon athletica were worth $14,167,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LULU. Baader Bank Aktiengesellschaft purchased a new stake in shares of lululemon athletica in the second quarter valued at about $276,000. Lineweaver Wealth Advisors LLC raised its position in shares of lululemon athletica by 56.9% during the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 1,406 shares of the apparel retailer's stock worth $334,000 after purchasing an additional 510 shares during the last quarter. Leibman Financial Services Inc. lifted its stake in lululemon athletica by 3.7% in the 2nd quarter. Leibman Financial Services Inc. now owns 11,716 shares of the apparel retailer's stock valued at $2,783,000 after buying an additional 420 shares in the last quarter. Fiduciary Alliance LLC grew its holdings in lululemon athletica by 4.9% during the 2nd quarter. Fiduciary Alliance LLC now owns 1,973 shares of the apparel retailer's stock valued at $469,000 after buying an additional 93 shares during the last quarter. Finally, Byrne Asset Management LLC increased its position in lululemon athletica by 11.4% during the second quarter. Byrne Asset Management LLC now owns 2,824 shares of the apparel retailer's stock worth $671,000 after buying an additional 290 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the topic of several recent analyst reports. BTIG Research reduced their price objective on shares of lululemon athletica from $375.00 to $303.00 and set a "buy" rating on the stock in a research note on Friday, September 5th. Jefferies Financial Group cut their price target on shares of lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research note on Tuesday, September 2nd. Evercore ISI reiterated an "in-line" rating and set a $180.00 target price (down previously from $265.00) on shares of lululemon athletica in a report on Friday, September 5th. Oppenheimer restated a "market perform" rating and issued a $500.00 price target on shares of lululemon athletica in a report on Friday, September 5th. Finally, Rothschild & Co Redburn dropped their price objective on shares of lululemon athletica from $230.00 to $160.00 and set a "sell" rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, lululemon athletica has a consensus rating of "Hold" and an average price target of $234.64.

lululemon athletica Stock Performance

Shares of lululemon athletica stock traded up $0.82 during trading on Tuesday, reaching $174.23. The company had a trading volume of 3,846,276 shares, compared to its average volume of 3,245,454. The firm's fifty day moving average is $196.27 and its 200-day moving average is $249.99. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 10.59 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.15 earnings per share. 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, research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

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.