Chicago Capital LLC Sells 508 Shares of lululemon athletica inc. $LULU

Chicago Capital LLC reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,795 shares of the apparel retailer’s stock after selling 508 shares during the quarter. Chicago Capital LLC’s holdings in lululemon athletica were worth $1,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LULU. Brighton Jones LLC bought a new position in shares of lululemon athletica during the fourth quarter worth $429,000. Versant Capital Management Inc increased its holdings in shares of lululemon athletica by 122.4% in the first quarter. Versant Capital Management Inc now owns 407 shares of the apparel retailer’s stock worth $115,000 after acquiring an additional 224 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of lululemon athletica by 3.1% in the first quarter. Rhumbline Advisers now owns 214,260 shares of the apparel retailer’s stock worth $60,648,000 after acquiring an additional 6,441 shares in the last quarter. Czech National Bank raised its holdings in lululemon athletica by 5.1% during the 1st quarter. Czech National Bank now owns 25,734 shares of the apparel retailer’s stock worth $7,284,000 after buying an additional 1,243 shares during the period. Finally, Merit Financial Group LLC lifted its stake in lululemon athletica by 124.4% in the first quarter. Merit Financial Group LLC now owns 3,786 shares of the apparel retailer’s stock valued at $1,072,000 after buying an additional 2,099 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LULU has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating and set a $205.00 price objective (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Barclays cut their price target on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Truist Financial downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a report on Friday, September 5th. Bank of America reduced their price target on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Finally, TD Securities cut their price objective on shares of lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $233.33.

lululemon athletica Stock Down 0.7%

Shares of LULU stock opened at $177.93 on Wednesday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The company has a market capitalization of $21.10 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 11.19 and a beta of 1.12. The firm has a 50 day moving average price of $190.26 and a two-hundred day moving average price of $244.56.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

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.