State of New Jersey Common Pension Fund D Has $8.89 Million Stake in lululemon athletica inc. $LULU

State of New Jersey Common Pension Fund D lessened its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,436 shares of the apparel retailer’s stock after selling 149 shares during the period. State of New Jersey Common Pension Fund D’s holdings in lululemon athletica were worth $8,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Sandler Capital Management bought a new stake in lululemon athletica in the 1st quarter valued at approximately $484,000. Twin Capital Management Inc. raised its holdings in shares of lululemon athletica by 58.3% in the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer’s stock valued at $1,041,000 after purchasing an additional 1,354 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of lululemon athletica in the second quarter worth $17,747,000. WealthPlan Investment Management LLC boosted its holdings in lululemon athletica by 26.9% during the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer’s stock worth $2,165,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in lululemon athletica by 5.9% in the 1st quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer’s stock valued at $211,704,000 after buying an additional 41,936 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LULU. Truist Financial downgraded shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a research note on Friday, September 5th. Jefferies Financial Group decreased their price target on lululemon athletica from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company lowered their price target on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Evercore ISI reissued an “in-line” rating and issued a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a report on Friday, September 5th. Finally, HSBC cut shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price target for the company. in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $228.42.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

lululemon athletica Trading Down 0.5%

Shares of LULU stock opened at $178.17 on Friday. The stock has a market cap of $21.13 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 11.14 and a beta of 1.07. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The stock has a 50 day simple moving average of $179.99 and a 200 day simple moving average of $228.76.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.