Bell Asset Management Ltd Cuts Stock Holdings in lululemon athletica inc. $LULU

Bell Asset Management Ltd lowered its holdings in lululemon athletica inc. (NASDAQ:LULU) by 30.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,403 shares of the apparel retailer’s stock after selling 5,433 shares during the quarter. Bell Asset Management Ltd’s holdings in lululemon athletica were worth $2,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LULU. N.E.W. Advisory Services LLC bought a new position in lululemon athletica in the first quarter worth approximately $25,000. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica in the 1st quarter valued at $29,000. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the 1st quarter valued at $31,000. Blue Trust Inc. raised 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 acquiring an additional 61 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of lululemon athletica during the 2nd quarter worth $30,000. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

lululemon athletica Trading Up 2.5%

NASDAQ:LULU opened at $181.94 on Thursday. The company has a market capitalization of $21.58 billion, a P/E ratio of 12.37, a PEG 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. The firm has a fifty day simple moving average of $171.88 and a 200-day simple moving average of $212.91.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm earned $3.15 EPS. The firm’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. Equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LULU. Wells Fargo & Company cut their target price on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Morgan Stanley cut their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Barclays decreased 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. Baird R W downgraded shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group reduced their price target on lululemon athletica from $200.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirty have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $227.68.

lululemon athletica Company 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.