AGF Management Ltd. Cuts Stock Position in lululemon athletica inc. $LULU

AGF Management Ltd. lessened its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 82.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,303 shares of the apparel retailer’s stock after selling 5,960 shares during the quarter. AGF Management Ltd.’s holdings in lululemon athletica were worth $310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the first quarter worth $25,000. Flaharty Asset Management LLC purchased a new stake in shares of lululemon athletica during the 1st quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of lululemon athletica in the 1st quarter worth $31,000. Blue Trust Inc. boosted its position in shares of lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $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 during the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LULU shares. UBS Group decreased their price target on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Wells Fargo & Company cut their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Dbs Bank decreased their price objective on shares of lululemon athletica from $165.00 to $134.00 in a research report on Friday, September 19th. Piper Sandler lowered their target price on shares of lululemon athletica from $200.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, BTIG Research reissued a “buy” rating and set a $303.00 target price on shares of lululemon athletica in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, lululemon athletica has an average rating of “Hold” and a consensus target price of $228.42.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

lululemon athletica Stock Performance

NASDAQ:LULU opened at $169.81 on Wednesday. The firm’s fifty day moving average is $172.16 and its two-hundred day moving average is $220.59. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $3.15 EPS. 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. As a group, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica 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.