ProShare Advisors LLC Trims Holdings in lululemon athletica inc. $LULU

ProShare Advisors LLC lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,948 shares of the apparel retailer’s stock after selling 32,548 shares during the quarter. ProShare Advisors LLC owned approximately 0.12% of lululemon athletica worth $25,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings 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 worth $700,502,000 after purchasing an additional 413,062 shares in the last quarter. Flossbach Von Storch SE grew its position in shares of lululemon athletica by 17.7% in the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after buying an additional 290,614 shares during the period. Invesco Ltd. grew its position in shares of lululemon athletica by 23.3% in the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after buying an additional 322,816 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of lululemon athletica by 2.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,359,440 shares of the apparel retailer’s stock worth $322,976,000 after acquiring an additional 36,664 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in lululemon athletica by 10.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,055,574 shares of the apparel retailer’s stock valued at $250,783,000 after acquiring an additional 98,439 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Trading Up 2.8%

Shares of NASDAQ LULU opened at $180.62 on Wednesday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $403.21. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 11.10 and a beta of 1.01. The firm has a 50 day moving average of $196.77 and a 200 day moving average of $186.22.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.37. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.lululemon athletica’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 earnings per share. 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. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LULU. Raymond James Financial reiterated a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. Bank of America raised their price objective on lululemon athletica from $185.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company increased their target price 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. Robert W. Baird lifted their price target on lululemon athletica from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Piper Sandler upped their price target on shares of lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $227.05.

Insider Activity

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction 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 sale, the insider directly owned 5,318 shares in the company, valued at approximately $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

lululemon athletica 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.