Norges Bank Purchases New Stake in lululemon athletica inc. $LULU

Norges Bank acquired a new position in shares of lululemon athletica inc. (NASDAQ:LULU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 914,823 shares of the apparel retailer’s stock, valued at approximately $217,344,000.

Several other hedge funds have also added to or reduced their stakes in LULU. T. Rowe Price Investment Management Inc. grew its position in shares of lululemon athletica by 151.6% during 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 acquiring an additional 464,186 shares during the period. Nuveen LLC purchased a new position in lululemon athletica in the first quarter valued at approximately $123,894,000. Geode Capital Management LLC lifted its stake in lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares during the last quarter. Alliancebernstein L.P. grew 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 valued at $1,356,507,000 after purchasing an additional 394,706 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in lululemon athletica by 130,353.2% in the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock worth $68,185,000 after buying an additional 286,777 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “market perform” rating and set a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of lululemon athletica in a report on Monday, October 27th. Barclays cut their target price on shares of lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. BNP Paribas raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of lululemon athletica in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $227.68.

lululemon athletica Trading Down 1.0%

LULU stock opened at $182.41 on Tuesday. The firm has a 50 day moving average of $172.60 and a 200-day moving average of $209.48. The firm has a market capitalization of $21.63 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month 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 the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business 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 company posted $3.15 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction on Tuesday, September 30th. The stock was 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 trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

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.