lululemon athletica inc. $LULU Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in lululemon athletica by 43.7%, owning 9,497 shares valued at approximately $2.69 million.
• Analysts have mixed ratings for lululemon, with target prices varying significantly, reflecting ongoing market volatility; the stock has a consensus rating of "Moderate Buy."
• lululemon's recent earnings report showed a 7.3% year-over-year revenue increase, with an EPS of $2.60 meeting analyst expectations.

Norinchukin Bank The increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 43.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,497 shares of the apparel retailer's stock after purchasing an additional 2,887 shares during the quarter. Norinchukin Bank The's holdings in lululemon athletica were worth $2,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after buying an additional 561,491 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in 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 worth $218,052,000 after buying an additional 464,186 shares during the last quarter. Nuveen LLC purchased a new stake in lululemon athletica during the 1st quarter worth about $123,894,000. Ameriprise Financial Inc. increased its position in lululemon athletica by 128.2% during the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock worth $270,223,000 after buying an additional 396,732 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in lululemon athletica by 9,067.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock worth $114,246,000 after buying an additional 295,493 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Price Performance

NASDAQ:LULU traded down $5.15 during trading hours on Monday, reaching $202.44. 2,920,009 shares of the company traded hands, compared to its average volume of 3,486,725. The firm's 50-day moving average is $218.37 and its 200-day moving average is $276.09. The stock has a market cap of $24.26 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.78 and a beta of 1.16. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.54 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LULU has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 19th. Citigroup reduced their price objective on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. BTIG Research reduced their price objective on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Jefferies Financial Group reduced their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus target price of $319.98.

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.