Principal Financial Group Inc. Has $31.87 Million Holdings in lululemon athletica inc. $LULU

Principal Financial Group Inc. trimmed its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,127 shares of the apparel retailer’s stock after selling 9,716 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of lululemon athletica worth $31,872,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in lululemon athletica in the 4th quarter valued at $429,000. NewEdge Advisors LLC increased its position in shares of lululemon athletica by 5.1% in the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after purchasing an additional 186 shares during the period. Clear Creek Financial Management LLC raised its stake in lululemon athletica by 290.2% in the second quarter. Clear Creek Financial Management LLC now owns 3,028 shares of the apparel retailer’s stock valued at $719,000 after purchasing an additional 2,252 shares in the last quarter. Vontobel Holding Ltd. raised its stake in lululemon athletica by 46.7% in the second quarter. Vontobel Holding Ltd. now owns 52,838 shares of the apparel retailer’s stock valued at $12,553,000 after purchasing an additional 16,811 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in lululemon athletica during the second quarter worth about $289,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LULU shares. Piper Sandler upped their price target on shares of lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective for the company. in a research report on Thursday, October 16th. Bank of America raised their target price on lululemon athletica from $185.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on lululemon athletica from $203.00 to $209.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Wells Fargo & Company upped their price objective on lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica has a consensus rating of “Hold” and an average price target of $227.05.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $172.85 on Friday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $414.14. The business’s 50-day moving average is $196.94 and its 200-day moving average is $187.32. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 10.75 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. lululemon athletica’s 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. Analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity

In related news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at $1,084,872. This trade represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

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.