Sumitomo Mitsui Trust Group Inc. Acquires 2,950 Shares of lululemon athletica inc. $LULU

Sumitomo Mitsui Trust Group Inc. grew its holdings in lululemon athletica inc. (NASDAQ:LULU) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,886 shares of the apparel retailer’s stock after purchasing an additional 2,950 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of lululemon athletica worth $51,401,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LULU. Blue Trust Inc. increased its stake in lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of lululemon athletica in the 2nd quarter valued at about $30,000. Tradewinds Capital Management LLC increased its position in shares of lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 184 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 116 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in lululemon athletica by 89.9% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total value of $2,756,244.00. Following the sale, the insider owned 5,318 shares in the company, valued at $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LULU shares. Sanford C. Bernstein downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target for the company. in a research note on Thursday, October 16th. Piper Sandler increased their price objective on lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, December 12th. BNP Paribas raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Guggenheim assumed coverage on shares of lululemon athletica in a research note on Wednesday, December 10th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and an average target price of $228.19.

lululemon athletica Stock Up 0.9%

lululemon athletica stock opened at $205.01 on Friday. The business’s 50-day moving average price is $192.82 and its two-hundred day moving average price is $193.07. The stock has a market cap of $24.05 billion, a PE ratio of 14.21, a P/E/G ratio of 12.52 and a beta of 1.01. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica 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.