State of Alaska Department of Revenue Increases Stake in lululemon athletica inc. $LULU

Key Points

• The State of Alaska Department of Revenue increased its stake in lululemon athletica by 11.1%, owning 22,930 shares worth approximately $5.45 million as of the latest SEC filing.
• Several hedge funds modified their positions in lululemon, with notable increases including a 1,829.6% rise by MEAG MUNICH ERGO Kapitalanlagegesellschaft.
• Analysts have recently downgraded lululemon's stock ratings, with price targets reducing significantly, indicating a shift in market sentiment despite a recent earnings beat.

State of Alaska Department of Revenue raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,930 shares of the apparel retailer's stock after buying an additional 2,300 shares during the quarter. State of Alaska Department of Revenue's holdings in lululemon athletica were worth $5,447,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Patton Fund Management Inc. purchased a new stake in lululemon athletica during the 2nd quarter valued at about $213,000. Novem Group raised its holdings in lululemon athletica by 1.4% in the 2nd quarter. Novem Group now owns 3,201 shares of the apparel retailer's stock valued at $760,000 after acquiring an additional 45 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in lululemon athletica by 1,829.6% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 4,361 shares of the apparel retailer's stock valued at $1,036,000 after acquiring an additional 4,135 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in lululemon athletica by 78.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,437 shares of the apparel retailer's stock valued at $341,000 after acquiring an additional 632 shares during the last quarter. Finally, Maseco LLP acquired a new stake in lululemon athletica in the 2nd quarter valued at about $62,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on LULU. Telsey Advisory Group downgraded shares of lululemon athletica from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $360.00 to $200.00 in a report on Monday, September 15th. Baird R W downgraded shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Needham & Company LLC reiterated a "hold" rating and issued a $192.00 price objective on shares of lululemon athletica in a report on Thursday. Zacks Research downgraded shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $205.00 target price (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $234.64.

lululemon athletica Price Performance

NASDAQ:LULU opened at $176.30 on Monday. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 11.01 and a beta of 1.12. The company's 50-day moving average is $192.06 and its two-hundred day moving average is $245.95.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the business earned $3.15 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. 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, equities analysts anticipate 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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