Maryland State Retirement & Pension System Lowers Stock Position in lululemon athletica inc. $LULU

Maryland State Retirement & Pension System reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 5,116 shares of the apparel retailer’s stock after selling 380 shares during the period. Maryland State Retirement & Pension System’s holdings in lululemon athletica were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Sandler Capital Management bought a new stake in lululemon athletica during the 1st quarter valued at approximately $484,000. Twin Capital Management Inc. raised its stake in lululemon athletica by 58.3% during the 1st 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 period. Narwhal Capital Management raised its stake in lululemon athletica by 262.7% during the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer’s stock valued at $5,315,000 after purchasing an additional 13,600 shares during the period. Sawgrass Asset Management LLC bought a new stake in lululemon athletica during the 1st quarter valued at approximately $9,209,000. Finally, WealthPlan Investment Management LLC raised its stake in lululemon athletica by 26.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer’s stock valued at $2,165,000 after purchasing an additional 1,622 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and set a $195.00 target price (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. UBS Group decreased their target price on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Jefferies Financial Group decreased their target price on lululemon athletica from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Monday, October 6th. Rothschild & Co Redburn reduced their price objective on lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a research note on Friday, September 12th. Finally, Barclays reduced their price objective on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $232.29.

lululemon athletica Price Performance

NASDAQ:LULU opened at $167.51 on Monday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The stock’s 50 day simple moving average is $184.28 and its two-hundred day simple moving average is $235.19. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 10.47 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

lululemon athletica Company 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.