lululemon athletica inc. $LULU Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its holdings in lululemon athletica inc. (NASDAQ:LULU) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,700 shares of the apparel retailer’s stock after selling 15,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in lululemon athletica were worth $7,242,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of lululemon athletica during the 2nd quarter worth approximately $217,344,000. Pacer Advisors Inc. grew its holdings in lululemon athletica by 2,598.9% during the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after buying an additional 458,322 shares during the last quarter. Geode Capital Management LLC increased its position in lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after buying an additional 413,062 shares in the last quarter. Invesco Ltd. raised its holdings in shares of lululemon athletica by 23.3% in the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after acquiring an additional 322,816 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in shares of lululemon athletica by 130,353.2% in the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock valued at $68,185,000 after acquiring an additional 286,777 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $203.90 on Friday. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 13.08 and a beta of 1.01. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32. The business has a 50-day moving average of $189.38 and a 200-day moving average of $193.78.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. Research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the sale, the insider directly owned 5,318 shares in the company, valued at $1,084,872. The trade was a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. Daiwa Capital Markets lifted their price objective on lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Jefferies Financial Group raised their price target on shares of lululemon athletica from $170.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. The Goldman Sachs Group lifted their price target on shares of lululemon athletica from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Rothschild & Co Redburn reduced their price objective on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a research note on Friday, September 12th. Finally, Dbs Bank decreased their target price on shares of lululemon athletica from $165.00 to $134.00 in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $228.19.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.