VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 74,700 lululemon athletica inc. $LULU

Key Points

• Virginia Retirement Systems purchased 74,700 shares of lululemon athletica, valued at approximately $17.7 million, increasing its stake to 0.06% of the company.
• Institutional investors and hedge funds collectively own 85.20% of lululemon's stock, indicating significant confidence from large financial entities in the brand.
• Despite a recent stock price increase of 1.7%, lululemon's shares have a broad range of analyst ratings, with an average price target of $231.26 and varying opinions on its future performance.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 74,700 shares of the apparel retailer's stock, valued at approximately $17,747,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of lululemon athletica at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sandler Capital Management acquired a new stake in lululemon athletica during the 1st quarter valued at $484,000. Twin Capital Management Inc. lifted its holdings in lululemon athletica by 58.3% during the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after purchasing an additional 1,354 shares during the last quarter. Narwhal Capital Management lifted its holdings in lululemon athletica by 262.7% during the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after purchasing an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC acquired a new stake in lululemon athletica during the 1st quarter valued at $9,209,000. Finally, WealthPlan Investment Management LLC lifted its holdings in lululemon athletica by 26.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock valued at $2,165,000 after purchasing an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider directly owned 8,993 shares of the company's stock, valued at $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 1.7%

NASDAQ:LULU opened at $167.41 on Monday. The stock's 50-day simple moving average is $181.67 and its 200 day simple moving average is $231.30. The firm has a market capitalization of $19.85 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 10.46 and a beta of 1.07. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm posted $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. On average, analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LULU shares. BTIG Research reiterated a "buy" rating and set a $303.00 price objective on shares of lululemon athletica in a research report on Friday. Weiss Ratings reiterated a "sell (d+)" rating on shares of lululemon athletica in a research report on Wednesday, October 8th. Telsey Advisory Group cut lululemon athletica from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $360.00 to $200.00 in a research report on Monday, September 15th. Barclays lowered their price objective on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, September 5th. Finally, Hsbc Global Res cut lululemon athletica from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica presently has an average rating of "Hold" and an average target price of $231.26.

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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