Evergreen Capital Management 13F: Cuts LULU Stake by $3.4M

Evergreen Capital Management reduced its holdings in lululemon athletica inc. LULU by 88.5% during the period, according to a Form 13F filed with the SEC on October 23, 2026.

LULU lululemon athletica inc.

$98.87 ▼ -53.10% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Evergreen Capital Management's LULU Position

The fund sold 35,114 shares of the athletic apparel retailer during the quarter, leaving it with a remaining stake of 4,556 shares. The smaller position carried a reported value of $438,243 at the time of the filing. The prior stake stood at 39,670 shares.

Other Institutional Activity in lululemon athletica inc.

Other large institutional investors adjusted their positions in the apparel company as well during recent reporting periods. Kmg Fiduciary Partners grew its holdings by 5,642 shares, ending with 17,470 shares worth about $1,680,439. Federated Hermes, Inc. grew its stake by 622,468 shares, or 20.7%, to hold 3,625,210 shares valued at $358,932,049. FIL LTD added 2,017,697 shares to lift its total to 2,025,858 shares worth about $200,580,204. Meanwhile, Flossbach von Storch SE reduced its holdings by 41,619 shares, or 2.2%, finishing the period with 1,816,360 shares valued at $179,837,807.

lululemon athletica inc. Stock Up 2.6%

Shares of Lululemon recently changed hands around $99.04, sitting well below their 52-week high of $225.98. The stock closed at $99.01 on the date of the filing. Trading volume and market positioning place the equity down significantly from longer-term moving averages while hovering near the lower end of its annual trading band.

Recent Earnings

The company generated $11.1 billion in trailing-twelve-month revenue with a net profit margin of 12.8% and a return on equity of 30.9%. Trailing earnings per share stand at $12.15, and the firm operates with a price-to-earnings ratio of 8.56. The next quarterly earnings update is scheduled for December 10, 2026.

Insider Buying and Selling at lululemon athletica inc.

Company insiders were active in the middle of the year. On June 25, 2026, insider Teri List acquired 1,606 shares. Emily White picked up 1,606 shares on the same day. Marc Maurer also added 1,606 shares on June 25, 2026, and Laura Gentile acquired 1,606 shares on that date.

Analysts Set New Price Targets

Wall Street firms updated their views on Lululemon through September and October. On September 9, 2026, Citigroup maintained its Neutral rating while adjusting its price target from $130.00 to $117.00. On the same date, BMO Capital initiated coverage with an Underperform rating and a $70.00 price target. Argus Research reiterated a Hold rating on September 14, 2026. Later, on October 19, 2026, Wells Fargo maintained its Equal-Weight rating while moving its target from $95.00 to $90.00. Wolfe Research initiated coverage on October 22, 2026, with an Underperform rating and a $75.00 price target. Across the broader analyst community, the stock holds a consensus Hold rating with a mean price target of $103.66 based on opinions from 28 analysts.

About lululemon athletica inc.

Based in Vancouver, British Columbia, lululemon athletica inc. designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men. The company operates retail stores and e-commerce channels worldwide, offering products tailored for yoga, running, training, and general fitness activities.

Bottom Line

Institutional adjustments like Evergreen Capital's reduction highlight shifting portfolio strategies across major asset managers. Investors will look toward the upcoming December earnings release for further clarity on profit margins and consumer demand trends.