S Bank Fund Management Ltd Sells 2,606 Shares of lululemon athletica inc. $LULU

Key Points

• S Bank Fund Management Ltd reduced its stake in lululemon athletica inc. by 15.7%, selling 2,606 shares and now holds a total of 13,980 shares valued at approximately $3.3 million.
• Institutional investors collectively own 85.20% of lululemon's stock, with various firms, including Sandler Capital Management and Twin Capital Management Inc., increasing their positions significantly in recent months.
• Recent research updates have seen multiple analysts lower their price targets for lululemon stock, with estimates ranging from $185 to $220, reflecting a bearish outlook amid a consensus rating of "Hold".

S Bank Fund Management Ltd lowered its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 15.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,980 shares of the apparel retailer's stock after selling 2,606 shares during the quarter. S Bank Fund Management Ltd's holdings in lululemon athletica were worth $3,321,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sandler Capital Management purchased a new position in lululemon athletica in the first quarter worth $484,000. Twin Capital Management Inc. grew its position in lululemon athletica by 58.3% in the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock worth $1,041,000 after acquiring an additional 1,354 shares in the last quarter. Narwhal Capital Management grew its position in lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after acquiring an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC purchased a new position in lululemon athletica in the first quarter worth $9,209,000. Finally, WealthPlan Investment Management LLC grew its position in lululemon athletica by 26.9% in the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock worth $2,165,000 after acquiring an additional 1,622 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Transactions at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares of the company's stock, valued at $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Sanford C. Bernstein cut their target price on shares of lululemon athletica from $350.00 to $220.00 and set an "outperform" rating for the company in a research report on Friday, September 5th. Morgan Stanley cut their price target on shares of lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Needham & Company LLC restated a "hold" rating and set a $192.00 price target on shares of lululemon athletica in a research report on Thursday, September 25th. UBS Group cut their price target on shares of lululemon athletica from $240.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, The Goldman Sachs Group cut their price target on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $232.29.

lululemon athletica Trading Down 1.2%

lululemon athletica stock opened at $167.10 on Thursday. The firm has a 50-day moving average of $182.65 and a 200-day moving average of $233.42. The firm has a market cap of $19.81 billion, a P/E ratio of 11.36, a P/E/G ratio of 10.57 and a beta of 1.07. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32.

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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. lululemon athletica's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business 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. Research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal 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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