State of Alaska Department of Revenue Has $4.84 Million Stock Holdings in lululemon athletica inc. $LULU

State of Alaska Department of Revenue boosted its position in lululemon athletica inc. (NASDAQ:LULU) by 18.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,233 shares of the apparel retailer’s stock after acquiring an additional 4,303 shares during the quarter. State of Alaska Department of Revenue’s holdings in lululemon athletica were worth $4,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake 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 valued at $29,000 after purchasing an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in lululemon athletica in the second quarter valued at about $30,000. Tradewinds Capital Management LLC grew its position in lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 184 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 116 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new position in lululemon athletica during the second quarter worth about $52,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LULU shares. Guggenheim initiated coverage on shares of lululemon athletica in a research note on Wednesday, December 10th. They issued a “neutral” rating on the stock. Evercore ISI raised their target price on shares of lululemon athletica from $180.00 to $215.00 in a research report on Friday, December 12th. Wells Fargo & Company boosted their target price on shares of lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Daiwa Capital Markets upped their price target on shares of lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. Finally, BNP Paribas raised lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $228.19.

lululemon athletica Stock Performance

LULU stock opened at $203.90 on Monday. The company has a market capitalization of $23.92 billion, a P/E ratio of 14.13, a PEG ratio of 12.57 and a beta of 1.01. The company has a fifty day moving average price of $189.38 and a 200-day moving average price of $193.24. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

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

Insider Activity

In other news, insider Celeste Burgoyne sold 13,511 shares of the company’s 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 of the company’s stock, valued at approximately $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

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.