The Manufacturers Life Insurance Company Cuts Stock Holdings in lululemon athletica inc. $LULU

Key Points

• The Manufacturers Life Insurance Company reduced its lululemon stake by 85.4% in the second quarter, selling 324,178 shares and retaining 55,433 shares valued at approximately $6.3 million. Institutional investors still own about 85.2% of LULU.
• LULU shares opened at $98.97, near their 12-month low of $95.67 and well below the $225.98 high. The latest quarter beat earnings expectations with $2.92 EPS, but revenue declined 4.3% year over year.
• Analyst sentiment is broadly cautious: the consensus rating is “Reduce,” with an average price target of $111.54, amid concerns about weaker demand, margin pressure and lowered revenue expectations.

The Manufacturers Life Insurance Company cut its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 85.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,433 shares of the apparel retailer's stock after selling 324,178 shares during the period. The Manufacturers Life Insurance Company's holdings in lululemon athletica were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LULU. NorthRock Partners LLC lifted its holdings in lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock valued at $276,000 after purchasing an additional 62 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of lululemon athletica by 4.3% in the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer's stock valued at $242,000 after buying an additional 65 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock valued at $1,016,000 after buying an additional 73 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of lululemon athletica by 70.3% in the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer's stock valued at $39,000 after buying an additional 78 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in shares of lululemon athletica by 43.6% in the fourth quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer's stock worth $58,000 after buying an additional 85 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Price Performance

Shares of LULU stock opened at $98.97 on Monday. The company has a market capitalization of $11.46 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.87. The firm's 50-day moving average is $116.77 and its two-hundred day moving average is $133.20. lululemon athletica inc. has a 12 month low of $95.67 and a 12 month high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $1.13. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.46 billion. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.10 EPS. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. Sell-side analysts forecast that lululemon athletica inc. will post 9.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LULU shares. UBS Group lowered their price target on shares of lululemon athletica from $120.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. Piper Sandler decreased their target price on shares of lululemon athletica from $110.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, September 4th. Evercore dropped their price target on lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. Barclays cut their price target on lululemon athletica from $113.00 to $95.00 and set an "equal weight" rating for the company in a report on Friday, September 4th. Finally, Freedom Capital upgraded lululemon athletica from a "strong sell" rating to a "hold" rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, lululemon athletica currently has a consensus rating of "Reduce" and an average target price of $111.54.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

lululemon athletica Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company's products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.

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