Maverick Capital Ltd. Has $105.39 Million Holdings in lululemon athletica inc. $LULU

Key Points

• Maverick Capital Ltd. increased its stake in lululemon athletica by 16.9% after acquiring 53,791 shares, bringing its total ownership to approximately 372,305 shares, valued at $105.4 million.
• During the first quarter, several institutional investors also enhanced their positions in lululemon, with over 85% of the stock currently held by institutional investors and hedge funds.
• Analysts have adjusted their price targets for lululemon athletica, with recommendations ranging from buy to neutral, reflecting a consensus target price of $305.75.

Maverick Capital Ltd. grew its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,305 shares of the apparel retailer's stock after purchasing an additional 53,791 shares during the period. lululemon athletica comprises about 1.9% of Maverick Capital Ltd.'s investment portfolio, making the stock its 17th biggest position. Maverick Capital Ltd. owned about 0.31% of lululemon athletica worth $105,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after acquiring an additional 561,491 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after acquiring an additional 464,186 shares in the last quarter. Nuveen LLC acquired a new stake in shares of lululemon athletica during the 1st quarter valued at about $123,894,000. Ameriprise Financial Inc. boosted its position in shares of lululemon athletica by 128.2% during the 4th quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after acquiring an additional 396,732 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in 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 buying an additional 162,295 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on LULU. Stifel Nicolaus reduced their price target on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. UBS Group reduced their price target on shares of lululemon athletica from $290.00 to $240.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. BMO Capital Markets reduced their price target on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. Barclays reduced their price target on shares of lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Finally, CICC Research reaffirmed a "market perform" rating and issued a $280.49 target price on shares of lululemon athletica in a research note on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $303.83.

lululemon athletica Trading Up 3.8%

Shares of LULU traded up $7.56 on Thursday, reaching $206.09. 14,432,969 shares of the company's stock were exchanged, compared to its average volume of 2,772,305. The stock has a market capitalization of $24.70 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The business has a 50 day moving average price of $214.49 and a two-hundred day moving average price of $268.61. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly 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. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. During the same quarter in the prior year, the business 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. Equities research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.

lululemon athletica 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.