Avenir Corp Sells 119,876 Shares of lululemon athletica inc. $LULU

Avenir Corp trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 98.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,175 shares of the apparel retailer’s stock after selling 119,876 shares during the period. Avenir Corp’s holdings in lululemon athletica were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LULU. Brighton Jones LLC bought a new position in lululemon athletica during the 4th quarter worth approximately $429,000. Public Sector Pension Investment Board raised its holdings in lululemon athletica by 7.4% in the first quarter. Public Sector Pension Investment Board now owns 15,367 shares of the apparel retailer’s stock worth $4,350,000 after purchasing an additional 1,065 shares during the period. HighTower Advisors LLC boosted its position in shares of lululemon athletica by 19.3% during the first quarter. HighTower Advisors LLC now owns 53,305 shares of the apparel retailer’s stock worth $15,089,000 after purchasing an additional 8,636 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of lululemon athletica by 115.6% in the 1st quarter. Russell Investments Group Ltd. now owns 125,967 shares of the apparel retailer’s stock valued at $35,810,000 after buying an additional 67,540 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of lululemon athletica by 2,220.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 5,337 shares of the apparel retailer’s stock valued at $1,510,000 after buying an additional 5,107 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of lululemon athletica in a report on Friday, November 21st. Guggenheim initiated coverage on lululemon athletica in a report on Wednesday. They set a “neutral” rating on the stock. Telsey Advisory Group increased their target price on lululemon athletica from $200.00 to $215.00 and gave the stock a “market perform” rating in a research note on Monday, December 8th. BNP Paribas Exane lifted their price target on shares of lululemon athletica from $146.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Robert W. Baird upped their price target on shares of lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-one have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $227.95.

lululemon athletica Stock Up 9.6%

NASDAQ LULU opened at $204.97 on Friday. The firm’s 50 day moving average is $174.48 and its 200-day moving average is $202.76. The company has a market capitalization of $24.31 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 11.68 and a beta of 1.01. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued 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. lululemon athletica had a net margin of 15.72% and a return on equity of 40.17%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the business earned $2.53 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. 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. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

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.