Rheos Capital Works Inc. Sells 9,000 Shares of lululemon athletica inc. $LULU

Key Points

• Rheos Capital Works Inc. has reduced its stake in lululemon athletica by 16.2%, selling 9,000 shares and holding 46,500 shares worth approximately $11 million after the transaction.
• Multiple institutional investors, including Generali Asset Management and TD Asset Management, increased their positions in the company during the same period.
• Recent analysis has led several firms to lower their price targets for lululemon athletica, with Stifel Nicolaus setting a target of $205, down from $324, reflecting a cautious outlook on the stock.

Rheos Capital Works Inc. decreased its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,500 shares of the apparel retailer's stock after selling 9,000 shares during the quarter. Rheos Capital Works Inc.'s holdings in lululemon athletica were worth $11,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Generali Asset Management SPA SGR raised its position in shares of lululemon athletica by 2.7% in the second quarter. Generali Asset Management SPA SGR now owns 16,631 shares of the apparel retailer's stock valued at $3,951,000 after buying an additional 442 shares in the last quarter. TD Asset Management Inc increased its stake in lululemon athletica by 12.4% during the 2nd quarter. TD Asset Management Inc now owns 120,932 shares of the apparel retailer's stock worth $28,731,000 after acquiring an additional 13,341 shares during the period. RFG Advisory LLC raised its holdings in lululemon athletica by 12.8% in the 2nd quarter. RFG Advisory LLC now owns 9,519 shares of the apparel retailer's stock valued at $2,262,000 after acquiring an additional 1,082 shares in the last quarter. Moran Wealth Management LLC acquired a new position in lululemon athletica in the 2nd quarter valued at $5,981,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of lululemon athletica during the 2nd quarter valued at $358,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus restated a "hold" rating and issued a $205.00 price target (down previously from $324.00) on shares of lululemon athletica in a research report on Friday, September 5th. Evercore ISI reissued an "in-line" rating and issued a $180.00 target price (down from $265.00) on shares of lululemon athletica in a report on Friday, September 5th. Jefferies Financial Group dropped their target price on shares of lululemon athletica from $150.00 to $120.00 and set an "underperform" rating for the company in a research report on Monday, October 6th. Barclays reduced their price target on shares of lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, September 5th. Finally, Wells Fargo & Company lowered their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $232.29.

Insider Buying and Selling

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. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $169.13 on Wednesday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 10.62 and a beta of 1.07. The firm has a 50 day simple moving average of $183.23 and a 200 day simple moving average of $233.88.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted 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 firm 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 company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

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.

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