Bank of New York Mellon Corp Lowers Stake in lululemon athletica inc. $LULU

Bank of New York Mellon Corp cut its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 32.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 609,155 shares of the apparel retailer’s stock after selling 287,087 shares during the quarter. Bank of New York Mellon Corp’s holdings in lululemon athletica were worth $144,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. K.J. Harrison & Partners Inc increased its position in lululemon athletica by 100.1% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock worth $1,426,000 after purchasing an additional 3,002 shares in the last quarter. Westside Investment Management Inc. grew its stake in lululemon athletica by 15.4% during the second quarter. Westside Investment Management Inc. now owns 420 shares of the apparel retailer’s stock worth $100,000 after buying an additional 56 shares during the period. Intellectus Partners LLC increased its position in shares of lululemon athletica by 79.9% in the second quarter. Intellectus Partners LLC now owns 7,323 shares of the apparel retailer’s stock worth $1,740,000 after acquiring an additional 3,253 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of lululemon athletica by 2.6% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,736 shares of the apparel retailer’s stock valued at $3,501,000 after acquiring an additional 369 shares during the period. Finally, South Dakota Investment Council acquired a new position in shares of lululemon athletica during the 2nd quarter valued at $456,000. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Down 2.4%

Shares of LULU opened at $163.55 on Friday. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 10.64 and a beta of 1.07. The business’s 50 day moving average is $174.13 and its two-hundred day moving average is $223.17. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

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

Analyst Ratings Changes

Several analysts recently issued reports on LULU shares. Dbs Bank lowered their price target on lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $195.00 target price (down previously from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. BNP Paribas Exane upgraded lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 target price for the company in a research note on Monday, October 20th. Wells Fargo & Company reduced their price target on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Finally, Zacks Research upgraded lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.42.

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.