ProShare Advisors LLC Sells 32,548 Shares of lululemon athletica inc. $LULU

ProShare Advisors LLC lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 18.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 142,948 shares of the apparel retailer’s stock after selling 32,548 shares during the quarter. ProShare Advisors LLC’s holdings in lululemon athletica were worth $25,435,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of lululemon athletica by 16.2% in 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 during the period. Flossbach Von Storch SE boosted its stake in shares of lululemon athletica by 17.7% during the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after purchasing an additional 290,614 shares during the period. Invesco Ltd. grew its holdings in 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 purchasing an additional 322,816 shares during the last quarter. Mawer Investment Management Ltd. raised its position in lululemon athletica by 2.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,359,440 shares of the apparel retailer’s stock worth $322,976,000 after purchasing an additional 36,664 shares during the period. Finally, Franklin Resources Inc. raised its position in lululemon athletica by 10.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,055,574 shares of the apparel retailer’s stock worth $250,783,000 after purchasing an additional 98,439 shares during the period. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Price Performance

LULU opened at $180.62 on Wednesday. The firm has a market capitalization of $21.19 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 11.10 and a beta of 1.01. The business’s 50-day moving average is $196.77 and its two-hundred day moving average is $186.22. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $403.21.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion during 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% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent analyst reports. Barclays increased their price target on lululemon athletica from $180.00 to $189.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Bank of America increased their target price on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. The Goldman Sachs Group boosted their target price on shares of lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BNP Paribas Exane cut their price target on shares of lululemon athletica from $230.00 to $206.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Finally, Daiwa Securities Group lifted their price objective on shares of lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and an average target price of $227.05.

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.