Engineers Gate Manager LP Sells 39,095 Shares of lululemon athletica inc. $LULU

Engineers Gate Manager LP decreased its position in lululemon athletica inc. (NASDAQ:LULU) by 47.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,893 shares of the apparel retailer’s stock after selling 39,095 shares during the quarter. Engineers Gate Manager LP’s holdings in lululemon athletica were worth $5,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LULU. California State Teachers Retirement System lifted its position in shares of lululemon athletica by 10,065.8% during the second quarter. California State Teachers Retirement System now owns 17,180,893 shares of the apparel retailer’s stock valued at $1,961,714,000 after purchasing an additional 17,011,886 shares in the last quarter. BlackRock Inc. purchased a new position in lululemon athletica during the second quarter worth about $1,010,565,000. Flossbach Von Storch SE bought a new stake in lululemon athletica in the 2nd quarter worth about $207,392,000. Norges Bank bought a new stake in lululemon athletica in the 4th quarter worth about $362,598,000. Finally, Boston Partners purchased a new stake in lululemon athletica in the 4th quarter valued at about $304,875,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, Director Charles Bergh purchased 4,275 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $117.05 per share, with a total value of $500,388.75. Following the transaction, the director directly owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

lululemon athletica News Summary

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

Wall Street Analyst Weigh In

Several equities analysts have commented on LULU shares. BTIG Research reissued a “neutral” rating on shares of lululemon athletica in a research report on Friday, September 4th. Citigroup reduced their target price on lululemon athletica from $130.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on lululemon athletica from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, September 4th. Bank of America dropped their price target on lululemon athletica from $140.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, Barclays cut their price objective on lululemon athletica from $113.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $111.54.

lululemon athletica Stock Up 2.2%

lululemon athletica stock opened at $98.97 on Friday. lululemon athletica inc. has a twelve month low of $95.67 and a twelve month high of $225.98. The firm has a 50 day moving average price of $116.77 and a 200-day moving average price of $133.51. The company has a market capitalization of $11.74 billion, a P/E ratio of 8.11, a P/E/G ratio of 2.47 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $1.13. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. lululemon athletica’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.10 EPS. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. Equities analysts expect that lululemon athletica inc. will post 8.91 EPS for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company’s products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.