lululemon athletica (NASDAQ:LULU) Shares Up 4.3% – Here’s What Happened

Shares of lululemon athletica inc. (NASDAQ:LULUGet Free Report) were up 4.3% during trading on Tuesday . The stock traded as high as $120.46 and last traded at $120.7070. 566,832 shares traded hands during trading, a decline of 81% from the average daily volume of 3,042,394 shares. The stock had previously closed at $115.74.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LULU shares. Sanford C. Bernstein decreased their target price on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Evercore reduced their price target on shares of lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on lululemon athletica from $171.00 to $127.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. UBS Group cut their target price on lululemon athletica from $153.00 to $124.00 and set a “neutral” rating on the stock in a research note on Sunday, June 7th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $93.00 target price on shares of lululemon athletica in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Reduce” and a consensus price target of $148.54.

Read Our Latest Stock Report on LULU

lululemon athletica Stock Performance

The business’s fifty day moving average price is $117.50 and its 200-day moving average price is $140.94. The stock has a market cap of $14.18 billion, a PE ratio of 9.64, a P/E/G ratio of 3.90 and a beta of 0.86.

lululemon athletica (NASDAQ:LULUGet Free Report) last released its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.02. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the company earned $2.60 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. Analysts forecast that lululemon athletica inc. will post 10.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Charles V. Bergh bought 4,275 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director owned 10,365 shares in the company, valued at $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in lululemon athletica during the second quarter valued at approximately $1,010,565,000. Geode Capital Management LLC grew its position in shares of lululemon athletica by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock valued at $631,526,000 after acquiring an additional 71,464 shares during the period. Invesco Ltd. grew its position in shares of lululemon athletica by 28.7% during the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after acquiring an additional 490,127 shares during the period. Morgan Stanley increased its stake in shares of lululemon athletica by 2.8% in the 4th quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock worth $456,592,000 after purchasing an additional 59,282 shares in the last quarter. Finally, Flossbach Von Storch SE purchased a new stake in shares of lululemon athletica in the 2nd quarter worth $207,392,000. Institutional investors own 85.20% of the company’s stock.

About lululemon athletica

(Get Free Report)

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.

Further Reading

Receive News & Ratings for lululemon athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica and related companies with MarketBeat.com's FREE daily email newsletter.