Nordea Investment Management AB Grows Stake in lululemon athletica inc. $LULU

Key Points

• Nordea Investment Management AB has increased its stake in lululemon athletica by 40.2%, now owning 12,725 shares valued at approximately $2.99 million.
• Insider Nicole Neuburger sold 615 shares at an average price of $178.00, reducing ownership by 6.40%.
• Lululemon's recent earnings reported an EPS of $3.10, surpassing the consensus estimate by $0.24, though revenue slightly missed forecasts at $2.53 billion.

Nordea Investment Management AB boosted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 40.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,725 shares of the apparel retailer's stock after purchasing an additional 3,651 shares during the period. Nordea Investment Management AB's holdings in lululemon athletica were worth $2,991,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in lululemon athletica during the 1st quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after buying an additional 81 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in lululemon athletica during the 1st quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new stake in lululemon athletica during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. boosted its holdings in shares of lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica 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 sale, the insider directly owned 8,993 shares of the company's stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. BNP Paribas Exane upgraded lululemon athletica from an "underperform" rating to a "neutral" rating and set a $146.00 price objective on the stock in a report on Monday. Piper Sandler decreased their price objective on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Evercore ISI reaffirmed an "in-line" rating and issued a $180.00 target price (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. Robert W. Baird reaffirmed a "neutral" rating and issued a $195.00 target price (down from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. Finally, Rothschild & Co Redburn cut their target price on lululemon athletica from $230.00 to $160.00 and set a "sell" rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, lululemon athletica currently has a consensus rating of "Hold" and a consensus target price of $228.42.

lululemon athletica Price Performance

NASDAQ:LULU opened at $178.29 on Thursday. The business's 50-day moving average is $180.72 and its two-hundred day moving average is $229.96. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32. The firm has a market capitalization of $21.14 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 11.34 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.55 billion. During the same period last year, the company posted $3.15 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Equities analysts anticipate 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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