Avalon Global Asset Management LLC Sells 60,000 Shares of lululemon athletica inc. $LULU

Avalon Global Asset Management LLC lowered its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 76.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,640 shares of the apparel retailer’s stock after selling 60,000 shares during the quarter. Avalon Global Asset Management LLC’s holdings in lululemon athletica were worth $3,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of lululemon athletica by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after purchasing an additional 521,915 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of lululemon athletica by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock valued at $631,526,000 after purchasing an additional 71,464 shares in the last quarter. Invesco Ltd. raised its holdings in shares of lululemon athletica by 28.7% during the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after purchasing an additional 490,127 shares in the last quarter. Morgan Stanley raised its holdings in shares of lululemon athletica by 2.8% during the 4th quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock valued at $456,592,000 after purchasing an additional 59,282 shares in the last quarter. Finally, Norges Bank bought a new position in shares of lululemon athletica during the 4th quarter valued at $362,598,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Trading Down 2.2%

NASDAQ:LULU opened at $116.21 on Tuesday. lululemon athletica inc. has a 1 year low of $109.36 and a 1 year high of $252.24. The firm’s fifty day simple moving average is $137.27 and its 200 day simple moving average is $167.92. The firm has a market capitalization of $13.79 billion, a PE ratio of 9.38, a PEG ratio of 3.78 and a beta of 0.88.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.02. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business posted $2.60 EPS. lululemon athletica’s revenue was up 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. As a group, analysts anticipate that lululemon athletica inc. will post 11.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LULU. The Goldman Sachs Group cut their price target on shares of lululemon athletica from $177.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. BTIG Research lowered shares of lululemon athletica from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. Needham & Company LLC reiterated a “hold” rating on shares of lululemon athletica in a research note on Friday, June 5th. Truist Financial lowered their target price on shares of lululemon athletica from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. Finally, Sanford C. Bernstein lowered their target price on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, lululemon athletica has a consensus rating of “Reduce” and an average price target of $154.26.

Insiders Place Their Bets

In related news, CEO Andre Maestrini purchased 3,275 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were bought at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the transaction, the chief executive officer directly owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charles V. Bergh purchased 6,090 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the transaction, the director directly owned 6,090 shares in the company, valued at approximately $999,978. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.54% of the company’s stock.

lululemon athletica Profile

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.