Bessemer Group Inc. Trims Holdings in lululemon athletica inc. $LULU

Bessemer Group Inc. trimmed its position in lululemon athletica inc. (NASDAQ:LULU) by 55.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,702 shares of the apparel retailer’s stock after selling 3,366 shares during the period. Bessemer Group Inc.’s holdings in lululemon athletica were worth $642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its holdings in lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in lululemon athletica in the 1st quarter valued at about $29,000. Blue Trust Inc. lifted its holdings in lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in lululemon athletica in the 2nd quarter valued at about $30,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LULU shares. Rothschild & Co Redburn reduced their target price on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a report on Friday, September 12th. Citigroup reduced their target price on shares of lululemon athletica from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of lululemon athletica in a research note on Monday, October 27th. HSBC downgraded shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research note on Thursday, September 11th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $195.00 price objective (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-nine have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $228.42.

Insider Transactions at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred 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 approximately $1,600,754. This represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

lululemon athletica Stock Performance

LULU opened at $170.54 on Friday. The firm has a 50 day moving average price of $177.29 and a 200 day moving average price of $225.39. The company has a market cap of $20.22 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 16.38% and a return on equity of 42.05%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

About lululemon athletica

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.