Cetera Investment Advisers Sells 3,494 Shares of lululemon athletica inc. $LULU

Cetera Investment Advisers trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 12.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,067 shares of the apparel retailer’s stock after selling 3,494 shares during the period. Cetera Investment Advisers’ holdings in lululemon athletica were worth $5,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 bought a new position in lululemon athletica in the first quarter valued at about $123,894,000. Geode Capital Management LLC lifted 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 valued at $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 grew its stake in shares of lululemon athletica by 17.0% during the 2nd quarter. Flossbach Von Storch SE now owns 1,640,217 shares of the apparel retailer’s stock valued at $389,683,000 after purchasing an additional 238,332 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. UBS Group dropped their price target on shares of lululemon athletica from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. JPMorgan Chase & Co. reduced their price objective on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Dbs Bank decreased their target price on lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. Finally, BNP Paribas raised lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.68.

lululemon athletica Stock Performance

Shares of lululemon athletica stock opened at $168.18 on Monday. The company has a market capitalization 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. The company has a fifty day moving average of $171.01 and a 200 day moving average of $214.65. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS 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 for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $3.15 earnings per share. The business’s quarterly 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. Analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In related 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

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.