Wellington Management Group LLP Sells 702,756 Shares of lululemon athletica inc. $LULU

Wellington Management Group LLP lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 98.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,550 shares of the apparel retailer's stock after selling 702,756 shares during the period. Wellington Management Group LLP's holdings in lululemon athletica were worth $1,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LULU. MUFG Securities EMEA plc boosted its holdings in lululemon athletica by 9,695.1% during the fourth quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer's stock worth $42,481,000 after buying an additional 202,337 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of lululemon athletica in the 4th quarter valued at about $13,989,000. OP Asset Management Ltd bought a new stake in shares of lululemon athletica in the 1st quarter valued at about $1,664,000. Northwestern Mutual Wealth Management Co. raised its position in shares of lululemon athletica by 25.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,054 shares of the apparel retailer's stock valued at $8,947,000 after acquiring an additional 8,732 shares during the period. Finally, Flossbach Von Storch SE bought a new position in lululemon athletica during the 2nd quarter worth approximately $207,392,000. Institutional investors own 85.20% of the company's stock.

Trending Headlines about lululemon athletica

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

Insider Activity

In other news, Director Charles Bergh purchased 4,275 shares of the business's stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LULU has been the subject of a number of analyst reports. KeyCorp restated a "sector weight" rating on shares of lululemon athletica in a report on Friday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of lululemon athletica from $154.00 to $95.00 and set a "neutral" rating on the stock in a research report on Friday, September 4th. UBS Group decreased their price target on shares of lululemon athletica from $120.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, September 4th. The Goldman Sachs Group lowered their price objective on shares of lululemon athletica from $111.00 to $95.00 and set a "neutral" rating for the company in a research report on Friday, September 4th. Finally, Robert W. Baird dropped their price objective on lululemon athletica from $140.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, September 4th. 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 stock. Based on data from MarketBeat.com, lululemon athletica currently has a consensus rating of "Reduce" and an average target price of $111.54.

lululemon athletica Stock Up 2.2%

Shares of LULU stock opened at $98.97 on Friday. The firm has a fifty day moving average of $116.77 and a 200-day moving average of $133.51. lululemon athletica inc. has a 12-month low of $95.67 and a 12-month high of $225.98. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 2.47 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $1.13. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $3.10 earnings per share. 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. On average, equities analysts expect that lululemon athletica inc. will post 8.91 EPS for the current year.

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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