Summary by Futu AI
The Vanguard Group has filed an amended Schedule 13G/A with the Securities and Exchange Commission on November 12, 2024, indicating a significant ownership stake in Lululemon Athletica Inc. As of September 30, 2024, The Vanguard Group reported beneficial ownership of 13,324,642 shares of Lululemon Athletica's common stock, representing 11.32% of the company's class. The filing details that The Vanguard Group has shared voting power over 157,404 shares and sole dispositive power over 12,791,968 shares, with an additional shared dispositive power over 532,674 shares. The Vanguard Group's clients, including registered investment companies and other managed accounts, are entitled to dividends from or proceeds from the sale of these securities. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Lululemon Athletica and were not held in connection with any transaction with such purpose or effect.