Vanguard Group Inc. significantly increased its stake in lululemon athletica inc. by 3.9% during the third quarter, now owning 13.78 million shares valued at approximately $2.45 billion. This increase makes Vanguard one of the largest institutional holders of LULU stock, as other firms also adjusted their positions. Meanwhile, an insider sold a portion of her shares, and the company reported strong earnings, beating analyst estimates and providing optimistic FY2025 guidance, leading to an average analyst “Hold” rating with a target price of $227.05.
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Vanguard Group Inc. Increases Stake in lululemon athletica inc. $LULU
Vanguard Group Inc. significantly increased its stake in lululemon athletica inc. by 3.9% during the third quarter, now owning 13.78 million shares valued at approximately $2.45 billion. This increase makes Vanguard one of the largest institutional holders of LULU stock, as other firms also adjusted their positions. Meanwhile, an insider sold a portion of her shares, and the company reported strong earnings, beating analyst estimates and providing optimistic FY2025 guidance, leading to an average analyst “Hold” rating with a target price of $227.05.