lululemon athletica inc. $LULU Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC increased its holdings in lululemon athletica inc. (NASDAQ:LULU) by 44.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the apparel retailer’s stock after purchasing an additional 20,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in lululemon athletica were worth $11,565,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of lululemon athletica in the second quarter valued at about $17,747,000. K.J. Harrison & Partners Inc lifted its stake in lululemon athletica by 100.1% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after buying an additional 3,002 shares in the last quarter. U S Global Investors Inc. acquired a new stake in lululemon athletica in the 2nd quarter worth about $760,000. Capricorn Fund Managers Ltd increased its stake in lululemon athletica by 35.0% during the 2nd quarter. Capricorn Fund Managers Ltd now owns 13,500 shares of the apparel retailer’s stock worth $3,207,000 after buying an additional 3,500 shares in the last quarter. Finally, Alpha Wealth Funds LLC purchased a new stake in lululemon athletica during the 2nd quarter worth approximately $470,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on lululemon athletica from $170.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Sanford C. Bernstein lowered lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective on the stock. in a report on Thursday, October 16th. BTIG Research reaffirmed a “buy” rating and set a $303.00 target price on shares of lululemon athletica in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of lululemon athletica in a research report on Thursday, January 8th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $215.00 price target on shares of lululemon athletica in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $228.19.

lululemon athletica Trading Down 1.5%

Shares of LULU opened at $201.87 on Tuesday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The firm has a 50-day moving average price of $194.17 and a 200 day moving average price of $191.76. The firm has a market capitalization of $23.68 billion, a P/E ratio of 13.99, a P/E/G ratio of 12.44 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. lululemon athletica’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. Equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares in the company, valued at approximately $1,084,872. This represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.