Bwcp LP Acquires 20,999 Shares of lululemon athletica inc. $LULU

Bwcp LP raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 41.1% in the second quarter, Holdings Channel reports. The institutional investor owned 72,108 shares of the apparel retailer’s stock after acquiring an additional 20,999 shares during the period. lululemon athletica comprises about 2.8% of Bwcp LP’s portfolio, making the stock its 20th biggest holding. Bwcp LP’s holdings in lululemon athletica were worth $17,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Norges Bank bought a new stake in shares of lululemon athletica during the 2nd quarter valued at $217,344,000. T. Rowe Price Investment Management Inc. lifted its position in lululemon athletica by 151.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock valued at $218,052,000 after purchasing an additional 464,186 shares in the last quarter. Geode Capital Management LLC grew its holdings in lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares during the period. Alliancebernstein L.P. grew its holdings in lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the period. Finally, Invesco Ltd. increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Performance

LULU opened at $204.97 on Friday. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 11.68 and a beta of 1.01. The company has a fifty day moving average of $174.48 and a 200 day moving average of $202.76. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, beating the consensus estimate of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 40.17%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The business’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. On average, equities research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. TD Securities reduced their target price on shares of lululemon athletica from $298.00 to $220.00 and set a “buy” rating for the company in a report on Friday, September 5th. Robert W. Baird upped their price target on shares of lululemon athletica from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley decreased their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Piper Sandler lifted their target price on shares of lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday. Finally, KeyCorp lowered lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-one have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, lululemon athletica has a consensus rating of “Hold” and a consensus price target of $227.95.

Insiders Place Their Bets

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

About lululemon athletica

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.