lululemon athletica inc.
boothcheck covers lululemon athletica inc. (LULU) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 15, 2026.
• Lululemon now trades at roughly 8 times operating income, in the lower half of its apparel-peer multiple range, on a stock that has fallen to an eight-year low after a guidance cut [Source: Lululemon Q1 fiscal 2026 earnings release, June 2026]. • The defining risk is its home market: Americas net revenue fell 3% in Q1 to $1.6 billion and dropped to 66% of total revenue from 71% a year earlier, while the FY2025 10-K notes the Americas ⟦"represented 75% of our total net revenue"⟧ in the prior ye
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916 institutional managers reported holding LULU in 13F filings for the quarter ended 2026-03-31. Together they hold about 70% of the company; the top 10 hold 38%. 128 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 8.7M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (1.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
LULU has cut its share count 11.2% over the past five years, spending $4.91B on repurchases. It pays no dividend. Cash returned over the past three years: $3.64B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at LULU over the trailing three years: 2024: 5 buys totaling $2.48M; 2026: 2 buys totaling $1.50M. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
LULU's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-02 | +10.1% | +3.5% |
| 2023-09-01 | +7.3% | +0.9% |
| 2023-12-08 | +6.3% | -4.0% |
| 2024-03-22 | -14.0% | -24.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
LULU's latest 8-K filings: 2026-08-13 (items 8.01); 2026-06-26 (items 5.02, 5.07); 2026-06-04 (items 2.02, 9.01); 2026-05-27 (items 1.01, 7.01, 9.01); 2026-04-28 (items 5.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 15, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.