Maryland State Retirement & Pension System Sells 380 Shares of lululemon athletica inc. $LULU

Maryland State Retirement & Pension System cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,116 shares of the apparel retailer’s stock after selling 380 shares during the quarter. Maryland State Retirement & Pension System’s holdings in lululemon athletica were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clear Creek Financial Management LLC increased its holdings in shares of lululemon athletica by 290.2% during the second quarter. Clear Creek Financial Management LLC now owns 3,028 shares of the apparel retailer’s stock valued at $719,000 after acquiring an additional 2,252 shares in the last quarter. Narwhal Capital Management boosted its position in shares of lululemon athletica by 22.1% during the second quarter. Narwhal Capital Management now owns 22,921 shares of the apparel retailer’s stock valued at $5,446,000 after buying an additional 4,144 shares during the last quarter. BankPlus Trust Department boosted its position in shares of lululemon athletica by 8.2% during the second quarter. BankPlus Trust Department now owns 2,479 shares of the apparel retailer’s stock valued at $589,000 after buying an additional 187 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of lululemon athletica by 32.3% during the second quarter. Shell Asset Management Co. now owns 7,055 shares of the apparel retailer’s stock valued at $1,676,000 after buying an additional 1,722 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of lululemon athletica by 1.6% during the second quarter. KLP Kapitalforvaltning AS now owns 56,200 shares of the apparel retailer’s stock valued at $13,352,000 after buying an additional 900 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $167.51 on Monday. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 10.47 and a beta of 1.07. The stock’s 50-day simple moving average is $184.28 and its two-hundred day simple moving average is $235.19. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.24. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays dropped their price objective on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Telsey Advisory Group cut lululemon athletica from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $360.00 to $200.00 in a research report on Monday, September 15th. Piper Sandler dropped their price objective on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. KeyCorp cut lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $500.00 price objective on shares of lululemon athletica in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $232.29.

lululemon athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.