FMR LLC & Abigail Johnson Maintain 15% Stake in Lululemon

TL;DR

**FMR LLC and Abigail Johnson still own 15% of Lululemon, showing strong institutional confidence.**

AI Summary

FMR LLC, a major investment firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in lululemon athletica inc. (LULU) to 15.000% as of February 9, 2024. This represents 18,161,760 shares of common stock. This filing, an amendment to a previous one, indicates a significant, stable institutional holding in Lululemon, which can be a positive signal for investors as it shows continued confidence from a large fund.

Why It Matters

A large, consistent institutional ownership by a firm like FMR LLC can signal stability and long-term confidence in Lululemon's business, potentially reassuring current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces perceived risk for a stock.

Analyst Insight

A smart investor would view this stable, significant institutional ownership as a positive indicator of long-term confidence in Lululemon, potentially reinforcing a 'hold' or 'buy' decision.

Key Numbers

• 18,161,760 — Shares Beneficially Owned (This is the total number of Lululemon shares FMR LLC and Abigail P. Johnson collectively own.)
• 15.000% — Percent of Class (This represents the significant portion of Lululemon's common stock held by FMR LLC and Abigail P. Johnson.)
• February 9, 2024 — Filing Date (This is the date the SC 13G/A amendment was filed, providing the most recent ownership data.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
• lululemon athletica inc. (company) — the issuer of the securities
• 18,161,760 (dollar_amount) — number of shares beneficially owned
• 15.000% (dollar_amount) — percentage of class owned

Forward-Looking Statements

• FMR LLC will maintain a significant stake in Lululemon for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
• Lululemon's stock price will likely experience less volatility due to stable institutional ownership. (lululemon athletica inc.) — medium confidence, target: 2024-08-09

FAQ

From the Filing

0000315066-24-001238.txt : 20240209 0000315066-24-001238.hdr.sgml : 20240209 20240209091605 ACCESSION NUMBER: 0000315066-24-001238 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24611737 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.18 LULULEMON ATHLETICA INC COMMON STOCK Cusip #550021109 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) Cusip #550021109 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 18,159,644 Item 6: 0 Item 7: 18,161,760 Item 8: 0 Item 9: 18,161,760 Item 11: 15.000% Item 12: HC Cusip #550021109 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 18,161,760 Item 8: 0 Item 9: 18,161,760 Item 11: 15.000% Item 12: IN 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 V6J 1C7 Canada Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 550021109 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 18,161,760 (b) Percent of Class: 15.000% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 18,161,760 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of LULULEMON ATHLETICA INC. The interest of Fidelity Growth Company Commingled Pool, in the COMMON STOCK of LULULEMON ATHLETICA INC, amounted to 6,323,053 shares or 5.222% of the total outstanding COMMON STOCK at December 29, 2023. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Cla