Scion Asset Management LLC Has $17.79 Million Stock Holdings in lululemon athletica inc. $LULU

Scion Asset Management LLC trimmed its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 77.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the apparel retailer’s stock after selling 350,000 shares during the period. lululemon athletica makes up approximately 1.3% of Scion Asset Management LLC’s holdings, making the stock its 4th biggest holding. Scion Asset Management LLC owned approximately 0.08% of lululemon athletica worth $17,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in lululemon athletica during the fourth quarter valued at $429,000. NewEdge Advisors LLC boosted its holdings in shares of lululemon athletica by 5.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after purchasing an additional 186 shares during the period. GC Wealth Management RIA LLC bought a new position in shares of lululemon athletica during the 2nd quarter valued at approximately $200,000. Robeco Institutional Asset Management B.V. raised its holdings in lululemon athletica by 54.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 251,874 shares of the apparel retailer’s stock valued at $59,840,000 after buying an additional 89,182 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its position in lululemon athletica by 92.5% in the second quarter. J. Safra Sarasin Holding AG now owns 6,105 shares of the apparel retailer’s stock worth $1,450,000 after buying an additional 2,934 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LULU. Raymond James Financial reissued a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. BTIG Research reissued a “buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Sanford C. Bernstein cut shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target on the stock. in a report on Thursday, October 16th. Wells Fargo & Company boosted their price objective on shares of lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Finally, BNP Paribas Exane lowered their target price on shares of lululemon athletica from $230.00 to $206.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $227.57.

lululemon athletica Stock Down 4.3%

Shares of LULU opened at $172.54 on Friday. The stock’s 50-day moving average price is $197.30 and its 200-day moving average price is $189.52. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 11.14 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. 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, equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $2,756,244.00. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Company Profile

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.