Diamond Hill Capital Management Inc. Trims Holdings in lululemon athletica inc. $LULU

Diamond Hill Capital Management Inc. trimmed its position in lululemon athletica inc. (NASDAQ:LULU) by 92.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,940 shares of the apparel retailer’s stock after selling 1,116,063 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.08% of lululemon athletica worth $16,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LULU. Norges Bank bought a new stake in shares of lululemon athletica during the 2nd quarter worth about $217,344,000. Pacer Advisors Inc. lifted its position in 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 buying an additional 458,322 shares in the last quarter. Geode Capital Management LLC increased its holdings in lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after buying an additional 413,062 shares during the last quarter. Invesco Ltd. lifted its position in shares of lululemon athletica by 23.3% in the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after buying an additional 322,816 shares during the last quarter. Finally, Flossbach Von Storch SE grew its stake in lululemon athletica by 17.7% in the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock valued at $343,553,000 after buying an additional 290,614 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LULU shares. Raymond James Financial restated a “strong-buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Daiwa Securities Group increased their price objective on shares of lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. BTIG Research reissued a “buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Guggenheim began coverage on lululemon athletica in a report on Wednesday, December 10th. They set a “neutral” rating on the stock. Finally, Sanford C. Bernstein cut 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. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $227.05.

Insider Buying and Selling at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

lululemon athletica Stock Performance

NASDAQ LULU opened at $172.85 on Monday. The firm’s fifty day moving average price is $196.94 and its two-hundred day moving average price is $186.80. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $414.14. The stock has a market cap of $20.28 billion, a PE ratio of 11.98, a PEG ratio of 10.92 and a beta of 1.01.

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, 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the prior year, the company posted $2.53 earnings per share. lululemon athletica’s revenue for the quarter 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 predict that lululemon athletica inc. will post 14.36 earnings per share 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.