lululemon athletica inc. $LULU is Scion Asset Management LLC’s 4th Largest Position

Scion Asset Management LLC cut its stake in lululemon athletica inc. (NASDAQ:LULU) by 77.8% in the third quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the apparel retailer’s stock after selling 350,000 shares during the quarter. lululemon athletica makes up approximately 1.3% of Scion Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Scion Asset Management LLC’s holdings in lululemon athletica were worth $17,793,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LULU. Blue Trust Inc. increased its position 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 purchasing an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in lululemon athletica during the second quarter worth $30,000. Tradewinds Capital Management LLC raised its position in lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 184 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 116 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in shares of lululemon athletica by 129.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 110 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the sale, the insider owned 5,318 shares in the company, valued at approximately $1,084,872. The trade was a 71.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Stock Down 4.3%

Shares of lululemon athletica stock opened at $172.54 on Friday. The firm has a market capitalization of $20.24 billion, a P/E ratio of 11.96, a P/E/G ratio of 11.14 and a beta of 1.01. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The firm’s 50 day moving average is $197.30 and its two-hundred day moving average is $189.52.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the firm posted $2.53 EPS. The company’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. As a group, research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LULU shares. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Raymond James Financial reissued a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. The Goldman Sachs Group lifted their target price on shares of lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Piper Sandler raised their price target on lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Barclays boosted their price objective on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $227.57.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.