Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in lululemon athletica inc. $LULU

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,936 shares of the apparel retailer’s stock after selling 35,239 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in lululemon athletica were worth $67,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LULU. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its holdings in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in lululemon athletica during the first quarter worth $29,000. Blue Trust Inc. increased its stake in lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 61 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in lululemon athletica during the second quarter worth $30,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Stock Performance

Shares of LULU opened at $178.17 on Monday. The company has a market capitalization of $21.13 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 11.14 and a beta of 1.07. The stock has a fifty day moving average of $179.99 and a two-hundred day moving average of $228.45. 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, September 4th. The apparel retailer reported $3.10 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 the consensus estimate 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 in the prior year, the firm posted $3.15 EPS. 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 research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the sale, the insider directly owned 8,993 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LULU shares. Oppenheimer restated a “market perform” rating and set a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. Citigroup lowered their price objective on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Hsbc Global Res lowered lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. William Blair lowered lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday, September 5th. Finally, Dbs Bank decreased their price target on lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, lululemon athletica currently has a consensus rating of “Hold” and a consensus price target of $228.42.

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.