Ameritas Advisory Services LLC Cuts Stock Position in lululemon athletica inc. $LULU

Ameritas Advisory Services LLC lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 78.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 862 shares of the apparel retailer’s stock after selling 3,094 shares during the period. Ameritas Advisory Services LLC’s holdings in lululemon athletica were worth $153,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LULU. Lafayette Investments Inc. grew its stake in shares of lululemon athletica by 16.6% in the third quarter. Lafayette Investments Inc. now owns 1,376 shares of the apparel retailer’s stock worth $245,000 after acquiring an additional 196 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of lululemon athletica by 22.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 40,851 shares of the apparel retailer’s stock worth $7,269,000 after purchasing an additional 7,619 shares during the last quarter. Savvy Advisors Inc. boosted its stake in lululemon athletica by 58.6% in the 3rd quarter. Savvy Advisors Inc. now owns 3,807 shares of the apparel retailer’s stock worth $677,000 after purchasing an additional 1,406 shares in the last quarter. Cibc World Market Inc. boosted its stake in lululemon athletica by 143.2% in the 3rd quarter. Cibc World Market Inc. now owns 186,543 shares of the apparel retailer’s stock worth $33,192,000 after purchasing an additional 109,825 shares in the last quarter. Finally, ING Groep NV purchased a new stake in lululemon athletica during the 3rd quarter valued at about $376,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Trading Up 0.7%

Shares of LULU stock opened at $177.72 on Wednesday. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $374.41. The company has a 50 day simple moving average of $195.86 and a two-hundred day simple moving average of $185.13. The stock has a market cap of $20.85 billion, a P/E ratio of 12.32, a P/E/G ratio of 11.11 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the previous year, the business earned $2.53 earnings per share. lululemon athletica’s quarterly 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, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity at lululemon athletica

In related 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 completion of the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on LULU shares. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Citigroup raised their price target on shares of lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their target price on lululemon athletica from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on lululemon athletica in a report on Thursday, January 8th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $227.05.

About lululemon athletica

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.