Evelyn Partners Investment Management Services Ltd Cuts Holdings in lululemon athletica inc. $LULU

Evelyn Partners Investment Management Services Ltd trimmed its position in lululemon athletica inc. (NASDAQ:LULU) by 98.4% in the second quarter, HoldingsChannel reports. The firm owned 136 shares of the apparel retailer’s stock after selling 8,109 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in lululemon athletica were worth $32,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 worth $218,052,000 after buying an additional 464,186 shares during the last quarter. Nuveen LLC purchased a new stake in shares of lululemon athletica during the first quarter valued at approximately $123,894,000. Geode Capital Management LLC lifted its holdings in lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after acquiring an additional 413,062 shares during the period. Alliancebernstein L.P. boosted its position in lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. Finally, Flossbach Von Storch SE boosted its position in lululemon athletica by 17.0% in the second quarter. Flossbach Von Storch SE now owns 1,640,217 shares of the apparel retailer’s stock worth $389,683,000 after purchasing an additional 238,332 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Up 2.1%

Shares of NASDAQ LULU opened at $168.18 on Friday. The company has a market cap of $19.94 billion, a P/E ratio of 11.43, a P/E/G ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The business has a 50-day simple moving average of $171.01 and a two-hundred day simple moving average of $215.07.

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. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the business posted $3.15 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. William Blair cut lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday, September 5th. Dbs Bank decreased their price objective on shares of lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of lululemon athletica in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $195.00 price target (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica currently has a consensus rating of “Hold” and a consensus target price of $227.68.

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.