Public Employees Retirement System of Ohio Has $7.76 Million Stock Position in lululemon athletica inc. $LULU

Key Points

• The Public Employees Retirement System of Ohio reduced its stock holdings in lululemon athletica by 72.5%, ending the quarter with a total of 32,678 shares valued at approximately $7.76 million.
• Despite the decline in holdings, lululemon reported an impressive $3.10 EPS for the last quarter, surpassing analyst expectations, and indicated revenue growth of 6.5% compared to the previous year.
• Institutional investors own 85.20% of lululemon's stock, with several firms lowering their price targets and ratings for the company amid varying market conditions.

Public Employees Retirement System of Ohio lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 72.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,678 shares of the apparel retailer's stock after selling 86,345 shares during the quarter. Public Employees Retirement System of Ohio's holdings in lululemon athletica were worth $7,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. Brighton Jones LLC bought a new stake in lululemon athletica in the 4th quarter valued at $429,000. First Hawaiian Bank acquired a new stake in shares of lululemon athletica during the first quarter worth $806,000. Versant Capital Management Inc lifted its holdings in shares of lululemon athletica by 122.4% during the first quarter. Versant Capital Management Inc now owns 407 shares of the apparel retailer's stock worth $115,000 after buying an additional 224 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of lululemon athletica by 1.2% in the first quarter. Moody National Bank Trust Division now owns 3,168 shares of the apparel retailer's stock valued at $897,000 after acquiring an additional 39 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of lululemon athletica by 37,062.1% in the first 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. Institutional investors own 85.20% of the company's stock.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $176.30 on Friday. The company's 50 day moving average price is $192.06 and its two-hundred day moving average price is $246.39. The firm has a market capitalization of $20.91 billion, a P/E ratio of 11.99, a P/E/G ratio of 11.01 and a beta of 1.12. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica'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 EPS. 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, analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LULU. BMO Capital Markets cut their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a report on Friday, June 6th. JPMorgan Chase & Co. cut their price target on lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Piper Sandler reduced their price target on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Truist Financial cut lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price objective for the company. in a report on Friday, September 5th. Finally, Baird R W downgraded lululemon athletica from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Hold" and an average target price of $234.64.

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.

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