Logan Capital Management Inc. Has $7.03 Million Stock Position in lululemon athletica inc. $LULU

Logan Capital Management Inc. lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,600 shares of the apparel retailer’s stock after selling 3,506 shares during the quarter. Logan Capital Management Inc.’s holdings in lululemon athletica were worth $7,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of lululemon athletica by 17.6% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,054 shares of the apparel retailer’s stock worth $7,615,000 after purchasing an additional 4,800 shares during the period. Y Intercept Hong Kong Ltd increased its stake in lululemon athletica by 225.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 74,671 shares of the apparel retailer’s stock worth $17,740,000 after purchasing an additional 51,762 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in lululemon athletica by 3.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,123 shares of the apparel retailer’s stock worth $742,000 after buying an additional 105 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in lululemon athletica in the second quarter valued at approximately $1,459,000. Finally, Nisa Investment Advisors LLC lifted its stake in lululemon athletica by 24.4% in the second quarter. Nisa Investment Advisors LLC now owns 3,378 shares of the apparel retailer’s stock valued at $803,000 after buying an additional 663 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the sale, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of lululemon athletica from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Jefferies Financial Group reiterated an “underperform” rating on shares of lululemon athletica in a report on Monday. BTIG Research restated a “buy” rating and issued a $303.00 price target on shares of lululemon athletica in a report on Friday, October 17th. The Goldman Sachs Group decreased their price objective on lululemon athletica from $232.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Finally, Piper Sandler dropped their target price on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $228.42.

lululemon athletica Stock Performance

LULU opened at $181.39 on Tuesday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The firm has a market capitalization of $21.51 billion, a PE ratio of 12.33, a PEG ratio of 11.14 and a beta of 1.07. The business’s 50-day simple moving average is $179.55 and its 200 day simple moving average is $227.80.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the company earned $3.15 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.