74,700 Shares in lululemon athletica inc. $LULU Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in lululemon athletica inc. (NASDAQ:LULU) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 74,700 shares of the apparel retailer’s stock, valued at approximately $17,747,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock valued at $218,052,000 after purchasing an additional 464,186 shares during the period. Nuveen LLC acquired a new position in lululemon athletica during the first quarter worth $123,894,000. Alliancebernstein L.P. raised its holdings in lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after buying an additional 394,706 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in lululemon athletica by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after buying an additional 162,295 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in lululemon athletica by 16.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer’s stock worth $319,463,000 after buying an additional 160,897 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

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 completion of the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. William Blair cut shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. Bank of America lowered their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Rothschild & Co Redburn reduced their price objective on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research note on Friday, September 12th. Oppenheimer restated a “market perform” rating and issued a $500.00 target price on shares of lululemon athletica in a research note on Friday, September 5th. Finally, Dbs Bank cut their price objective on lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $231.26.

lululemon athletica Stock Performance

NASDAQ:LULU opened at $167.41 on Monday. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The business has a 50 day moving average price of $181.67 and a 200-day moving average price of $231.30. The firm has a market cap of $19.85 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 10.46 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results 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 business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current 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.