Shell Asset Management Co. Sells 4,864 Shares of lululemon athletica inc. $LULU

Shell Asset Management Co. cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 68.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,191 shares of the apparel retailer’s stock after selling 4,864 shares during the quarter. Shell Asset Management Co.’s holdings in lululemon athletica were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc increased its stake in lululemon athletica by 100.1% in the second quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after acquiring an additional 3,002 shares during the last quarter. Hussman Strategic Advisors Inc. lifted its stake in lululemon athletica by 66.7% during the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock worth $3,737,000 after purchasing an additional 8,400 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after purchasing an additional 458,322 shares in the last quarter. Pacific Heights Asset Management LLC increased its position in shares of lululemon athletica by 44.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock valued at $11,565,000 after purchasing an additional 20,000 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of lululemon athletica during the 2nd quarter valued at about $3,276,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 in the company, valued at $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LULU. Weiss Ratings raised lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, February 5th. Wells Fargo & Company upped their price objective on shares of lululemon athletica from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. Barclays increased their target price on shares of lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. UBS Group set a $206.00 price target on shares of lululemon athletica in a research note on Wednesday, December 31st. Finally, BTIG Research restated a “buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $227.05.

lululemon athletica Stock Performance

LULU opened at $177.72 on Wednesday. The stock has a market capitalization of $20.85 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 11.11 and a beta of 1.01. The stock’s 50 day moving average price is $195.86 and its 200-day moving average price is $185.13. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $374.41.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.48 billion. During the same period in the previous year, the firm earned $2.53 EPS. The company’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. Research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

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.