Swedbank AB Trims Stake in lululemon athletica inc. $LULU

Key Points

• Swedbank AB reduced its stake in lululemon athletica by 73.8%, selling 156,063 shares, leaving it with 55,477 shares valued at approximately $15.7 million.
• CEO Calvin McDonald sold 27,049 shares for around $6.38 million, reducing his ownership by 19.66% but still retaining over 110,564 shares.
• Analysts have downgraded lululemon athletica's stock ratings recently, with William Blair and Zacks Research lowering their outlook from "outperform" to "market perform" and "strong sell," respectively.

Swedbank AB trimmed its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 73.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,477 shares of the apparel retailer's stock after selling 156,063 shares during the period. Swedbank AB's holdings in lululemon athletica were worth $15,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sandler Capital Management purchased a new stake in lululemon athletica in the 1st quarter worth $484,000. Twin Capital Management Inc. increased its stake in lululemon athletica by 58.3% in the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock worth $1,041,000 after buying an additional 1,354 shares in the last quarter. Narwhal Capital Management increased its stake in lululemon athletica by 262.7% in the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after buying an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in lululemon athletica in the 1st quarter worth $9,209,000. Finally, WealthPlan Investment Management LLC increased its stake in lululemon athletica by 26.9% in the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock worth $2,165,000 after buying an additional 1,622 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 3.6%

NASDAQ:LULU opened at $159.87 on Monday. lululemon athletica inc. has a 12 month low of $159.75 and a 12 month high of $423.32. The firm has a fifty day simple moving average of $204.62 and a 200-day simple moving average of $257.70. The company has a market capitalization of $18.96 billion, a P/E ratio of 10.87, a PEG ratio of 6.59 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.86 by $0.24. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period 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. Equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LULU shares. William Blair lowered lululemon athletica from an "outperform" rating to a "market perform" rating in a research note on Friday, September 5th. Zacks Research lowered lululemon athletica from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Telsey Advisory Group reiterated a "market perform" rating and issued a $200.00 price target (down previously from $360.00) on shares of lululemon athletica in a research note on Friday, September 5th. BMO Capital Markets cut their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research note on Friday, June 6th. Finally, KeyCorp downgraded shares of lululemon athletica from an "overweight" rating to a "sector weight" rating in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $242.24.

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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