Strs Ohio Has $4.72 Million Stake in lululemon athletica inc. $LULU

Strs Ohio lowered its holdings in lululemon athletica inc. (NASDAQ:LULU) by 16.3% in the third quarter, HoldingsChannel.com reports. The firm owned 26,517 shares of the apparel retailer’s stock after selling 5,177 shares during the quarter. Strs Ohio’s holdings in lululemon athletica were worth $4,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of lululemon athletica in the second quarter valued at approximately $217,344,000. Pacer Advisors Inc. increased its stake 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 worth $84,687,000 after acquiring an additional 458,322 shares during the period. Geode Capital Management LLC raised its holdings in lululemon athletica by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after acquiring an additional 413,062 shares in the last quarter. Invesco Ltd. lifted its position in shares of lululemon athletica by 23.3% during the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after acquiring an additional 322,816 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in shares of lululemon athletica by 130,353.2% during the 2nd 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 during the period. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LULU. JPMorgan Chase & Co. boosted their price target on lululemon athletica from $203.00 to $209.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Citigroup upped their price target on shares of lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $215.00 price objective on shares of lululemon athletica in a research note on Monday. Robert W. Baird boosted their price objective on shares of lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group raised their target price on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, lululemon athletica has a consensus rating of “Hold” and a consensus price target of $227.57.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $192.79 on Tuesday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The company has a market capitalization of $22.62 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 11.80 and a beta of 1.01. The company has a fifty day moving average of $196.40 and a 200-day moving average of $190.06.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.lululemon athletica’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 EPS. 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. On average, equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction that occurred on Tuesday, December 16th. The shares were 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. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

About lululemon athletica

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.