OLD National Bancorp IN Sells 15,424 Shares of lululemon athletica inc. $LULU

OLD National Bancorp IN decreased its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 89.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,759 shares of the apparel retailer’s stock after selling 15,424 shares during the period. OLD National Bancorp IN’s holdings in lululemon athletica were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in lululemon athletica in the second quarter valued at about $217,344,000. Geode Capital Management LLC lifted its position in lululemon athletica by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares during the period. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. Invesco Ltd. grew its position in shares of lululemon athletica by 23.3% during the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after buying an additional 322,816 shares during the period. Finally, Laurel Wealth Advisors LLC raised its stake in shares of lululemon athletica by 130,353.2% during the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock worth $68,185,000 after buying an additional 286,777 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $210.37 on Friday. The firm has a market cap of $24.68 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 12.98 and a beta of 1.01. The stock’s 50-day moving average is $181.63 and its 200-day moving average is $196.06. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (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 business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the firm earned $2.53 EPS. lululemon athletica’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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. On average, equities analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on LULU. Daiwa Capital Markets lifted their target price on shares of lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. BNP Paribas raised lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. BNP Paribas Exane increased their target price on lululemon athletica from $146.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. HSBC cut lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price on the stock. in a report on Thursday, September 11th. Finally, Jefferies Financial Group upped their price target on lululemon athletica from $170.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $228.19.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction 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. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

About lululemon athletica

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.