BlackRock Amends Lululemon Stake, Signals Continued Confidence

Ticker: LULU · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, major-holder

TL;DR

**BlackRock still owns Lululemon shares, showing they're sticking with the stock.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Lululemon Athletica Inc. common stock as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures, confirming BlackRock's continued significant, but passive, stake in Lululemon. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in Lululemon's long-term prospects, potentially signaling stability to other shareholders.

Why It Matters

This filing shows that a major institutional investor, BlackRock, maintains a significant passive stake in Lululemon, which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This filing is an update from a major institutional investor, indicating a passive stake, which generally doesn't introduce new significant risks.

Analyst Insight

Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest immediate buying or selling action. It's a routine update confirming a major holder's position.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it generally mean?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It's typically filed by institutional investors like BlackRock to report passive ownership of 5% or more of a company's stock, indicating they hold the shares for investment purposes without intending to influence control.

Who is the filer of this SC 13G/A and who is the subject company?

The filer is BlackRock Inc., and the subject company whose shares are being reported is Lululemon Athletica Inc.

What was the 'Date of Event Which Requires Filing of this Statement' for this particular filing?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.

What is the CUSIP Number for the securities reported in this filing?

The CUSIP Number for the Common Stock of Lululemon Athletica Inc. is 550021109, as indicated in the filing.

What rule under the Securities Exchange Act of 1934 is BlackRock filing under?

BlackRock Inc. is filing under Rule 13d-1(b), as designated by the 'X' in the appropriate box on the Schedule 13G.

From the Filing

0001086364-24-004381.txt : 20240126 0001086364-24-004381.hdr.sgml : 20240126 20240126114944 ACCESSION NUMBER: 0001086364-24-004381 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: lululemon athletica inc. CENTRAL INDEX KEY: 0001397187 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 203842867 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83038 FILM NUMBER: 24565875 BUSINESS ADDRESS: STREET 1: 1818 CORNWALL AVENUE CITY: VANCOUVER STATE: A1 ZIP: V6J 1C7 BUSINESS PHONE: 604-732-6124 MAIL ADDRESS: STREET 1: 1818 CORNWALL AVENUE CITY: VANCOUVER STATE: A1 ZIP: V6J 1C7 FORMER COMPANY: FORMER CONFORMED NAME: Lululemon Corp. DATE OF NAME CHANGE: 20070420 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5500211090_012624.txt us5500211090_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) LULULEMON ATHLETICA INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 550021109 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 550021109 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 8315804 (6) Shared voting power 0 (7) Sole dispositive power 9153642 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 9153642 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LULULEMON ATHLETICA INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1818 CORNWALL AVENUE VANCOUVER, British Columbia Canada V6J 1C7 Item 2. 2(a) Name of person filing: ---------------------------------

View on Read The Filing