Kornitzer Capital Management Inc. KS Reduces Position in lululemon athletica inc. $LULU

Kornitzer Capital Management Inc. KS trimmed its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 82.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,079 shares of the apparel retailer’s stock after selling 24,105 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in lululemon athletica were worth $904,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after buying an additional 61 shares during the period. Trust Co. of Toledo NA OH bought a new position in lululemon athletica in the 2nd quarter valued at $30,000. Tradewinds Capital Management LLC grew its position in lululemon athletica by 18,400.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 184 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 116 shares during the period. Finally, Cromwell Holdings LLC lifted its position in shares of lululemon athletica by 89.9% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on LULU shares. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets raised their target price on shares of lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of lululemon athletica in a research note on Thursday, January 8th. They set a “hold” rating for the company. Wells Fargo & Company increased their price objective on lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Finally, Barclays lifted their target price on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $227.57.

Insider Buying and Selling at lululemon athletica

In other news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total value of $2,756,244.00. Following the transaction, the insider owned 5,318 shares of the company’s stock, valued at $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica Trading Down 3.2%

Shares of NASDAQ LULU opened at $180.35 on Thursday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The stock’s fifty day simple moving average is $197.14 and its two-hundred day simple moving average is $189.64. The stock has a market capitalization of $21.16 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 11.51 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the company posted $2.53 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. On average, equities analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica Company 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.