Sumitomo Mitsui DS Asset Management Company Ltd Sells 12,428 Shares of lululemon athletica inc. $LULU

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd has reduced its stake in lululemon athletica by 48.5%, now holding 13,171 shares valued at approximately $3.13 million.
• CEO Calvin McDonald sold 27,049 shares of lululemon stock for over $6.37 million, decreasing his position by 19.66%.
• lululemon recently reported $3.10 earnings per share for the quarter, surpassing estimates, while its revenue increased 6.5% year-over-year.

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 48.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,171 shares of the apparel retailer's stock after selling 12,428 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in lululemon athletica were worth $3,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after purchasing an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock valued at $1,418,389,000 after acquiring an additional 162,295 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after acquiring an additional 394,706 shares during the last quarter. Flossbach Von Storch SE boosted its position in shares of lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after acquiring an additional 130,565 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of lululemon athletica by 7.2% during the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock valued at $392,777,000 after acquiring an additional 93,530 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Up 0.5%

Shares of LULU stock traded up $0.82 during mid-day trading on Tuesday, reaching $174.23. The stock had a trading volume of 3,846,276 shares, compared to its average volume of 3,245,454. The stock's 50-day moving average price is $196.27 and its two-hundred day moving average price is $249.99. The firm has a market capitalization of $20.66 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 10.59 and a beta of 1.12. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its 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. The firm had revenue of $2.53 billion for 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%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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, equities research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LULU. Evercore ISI reiterated an "in-line" rating and set a $180.00 price target (down previously from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. Piper Sandler decreased their price objective on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Citigroup decreased their price objective on lululemon athletica from $220.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Stifel Nicolaus reissued a "hold" rating and set a $205.00 price objective (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Finally, HSBC cut lululemon athletica from a "buy" rating to a "hold" rating and set a $175.00 price objective on the stock. in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.