QRG Capital Management Inc. Decreases Stock Holdings in lululemon athletica inc. $LULU

QRG Capital Management Inc. lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,526 shares of the apparel retailer’s stock after selling 401 shares during the period. QRG Capital Management Inc.’s holdings in lululemon athletica were worth $1,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in lululemon athletica during the fourth quarter worth about $429,000. UMB Bank n.a. raised its position in lululemon athletica by 6.3% during the first quarter. UMB Bank n.a. now owns 744 shares of the apparel retailer’s stock worth $211,000 after acquiring an additional 44 shares during the last quarter. Farther Finance Advisors LLC raised its position in lululemon athletica by 8.0% during the first quarter. Farther Finance Advisors LLC now owns 1,401 shares of the apparel retailer’s stock worth $392,000 after acquiring an additional 104 shares during the last quarter. Pallas Capital Advisors LLC raised its position in lululemon athletica by 251.0% during the first quarter. Pallas Capital Advisors LLC now owns 2,573 shares of the apparel retailer’s stock worth $728,000 after acquiring an additional 1,840 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in lululemon athletica by 7.2% during the first quarter. Harbor Capital Advisors Inc. now owns 4,545 shares of the apparel retailer’s stock worth $1,287,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other 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 value of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares of the company’s stock, valued at $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 is available at this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. Robert W. Baird reissued a “neutral” rating and issued a $195.00 price objective (down previously from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. Hsbc Global Res lowered shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. 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 research report on Friday, September 5th. Finally, Jefferies Financial Group cut their price objective on shares of lululemon athletica from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $232.29.

lululemon athletica Stock Up 1.0%

lululemon athletica stock opened at $174.82 on Thursday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The firm has a fifty day moving average of $185.34 and a 200-day moving average of $238.92. The firm has a market capitalization of $20.73 billion, a P/E ratio of 11.88, a PEG ratio of 10.82 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business earned $3.15 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal 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.