Schroder Investment Management Group Sells 1,485,738 Shares of lululemon athletica inc. $LULU

Schroder Investment Management Group trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 76.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,511 shares of the apparel retailer’s stock after selling 1,485,738 shares during the quarter. Schroder Investment Management Group’s holdings in lululemon athletica were worth $108,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LULU. Norges Bank bought a new position in shares of lululemon athletica during the second quarter valued at $217,344,000. T. Rowe Price Investment Management Inc. raised its position in lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after purchasing an additional 464,186 shares during the last quarter. Nuveen LLC acquired a new position in lululemon athletica during the 1st quarter worth about $123,894,000. Geode Capital Management LLC grew its position in shares of lululemon athletica by 16.2% in 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 buying an additional 413,062 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after buying an additional 394,706 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. Dbs Bank reduced their target price on lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. William Blair lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday, September 5th. Morgan Stanley decreased their price objective 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. Telsey Advisory Group lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $360.00 to $200.00 in a report on Monday, September 15th. Finally, Rothschild & Co Redburn cut their price target on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, lululemon athletica has an average rating of “Hold” and a consensus price target of $227.68.

Insiders Place Their Bets

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

lululemon athletica Trading Up 1.5%

NASDAQ:LULU opened at $184.75 on Friday. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 10.64 and a beta of 1.07. The firm has a fifty day simple moving average of $172.42 and a two-hundred day simple moving average of $211.18.

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

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.