Russell Investments Group Ltd. Trims Stake in lululemon athletica inc. $LULU

Russell Investments Group Ltd. reduced its holdings in lululemon athletica inc. (NASDAQ:LULU) by 21.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,646 shares of the apparel retailer’s stock after selling 27,321 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of lululemon athletica worth $23,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica during the first quarter worth about $29,000. Blue Trust Inc. lifted its position in lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in lululemon athletica during the second quarter valued at approximately $30,000. Zions Bancorporation National Association UT purchased a new position in lululemon athletica in the 1st quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other lululemon athletica 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LULU has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of lululemon athletica from $200.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. TD Securities lowered their price target on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Hsbc Global Res cut lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Truist Financial cut lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a report on Friday, September 5th. Finally, Morgan Stanley dropped their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $227.68.

lululemon athletica Price Performance

Shares of LULU stock opened at $184.75 on Friday. The business has a 50-day moving average of $172.42 and a 200 day moving average of $211.18. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32. The stock has a market capitalization of $21.91 billion, a PE ratio of 12.56, a P/E/G ratio of 10.64 and a beta of 1.07.

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 during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Analysts anticipate 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.