lululemon athletica inc. $LULU Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in lululemon athletica inc. (NASDAQ:LULU) by 82.6% in the third quarter, Holdings Channel reports. The firm owned 5,079 shares of the apparel retailer’s stock after selling 24,105 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in lululemon athletica were worth $904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in lululemon athletica in the second quarter valued at about $217,344,000. Pacer Advisors Inc. grew its stake in shares of lululemon athletica by 2,598.9% during the third 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 last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $700,502,000 after acquiring an additional 413,062 shares in the last quarter. Invesco Ltd. increased its holdings in shares of lululemon athletica by 23.3% during the second 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 in the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in shares of lululemon athletica by 130,353.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock valued at $68,185,000 after purchasing an additional 286,777 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Trading Down 3.2%

Shares of NASDAQ:LULU opened at $180.35 on Thursday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The business has a 50 day moving average of $197.14 and a two-hundred day moving average of $189.64. The company has a market capitalization of $21.16 billion, a PE ratio of 12.50, a PEG ratio of 11.51 and a beta of 1.01.

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

Insider Buying and Selling at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction on 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 completion of the sale, the insider owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on LULU. Deutsche Bank Aktiengesellschaft started coverage on shares of lululemon athletica in a research report on Thursday, January 8th. They set a “hold” rating on the stock. Citigroup boosted their price objective on shares of lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Daiwa Capital Markets raised their target price on lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. BTIG Research reaffirmed a “buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Finally, Evercore ISI increased their price objective on lululemon athletica from $180.00 to $215.00 in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $227.57.

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.