Equitable Holdings Inc. acquired a new position in lululemon athletica inc. (NASDAQ:LULU – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 10,402 shares of the apparel retailer’s stock, valued at approximately $1,188,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd lifted its holdings in lululemon athletica by 53.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock worth $14,150,000 after buying an additional 23,623 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of lululemon athletica by 46.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock worth $5,319,000 after acquiring an additional 8,134 shares during the last quarter. Rayburn West Financial Services LLC bought a new position in shares of lululemon athletica during the fourth quarter worth about $3,536,000. Gateway Investment Advisers LLC lifted its stake in shares of lululemon athletica by 60.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 45,062 shares of the apparel retailer’s stock worth $9,364,000 after acquiring an additional 16,901 shares during the period. Finally, MUFG Securities EMEA plc lifted its stake in shares of lululemon athletica by 9,695.1% in the fourth quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer’s stock worth $42,481,000 after acquiring an additional 202,337 shares during the period. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Price Performance
Shares of lululemon athletica stock opened at $120.81 on Friday. lululemon athletica inc. has a one year low of $104.44 and a one year high of $225.98. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 3.77 and a beta of 0.86. The business has a 50-day simple moving average of $117.94 and a 200 day simple moving average of $138.44.
Key lululemon athletica News
Here are the key news stories impacting lululemon athletica this week:
- Positive Sentiment: Several earnings previews highlight lululemon’s strong history of exceeding analyst estimates and suggest the company has favorable conditions for another quarterly beat. International growth and momentum from the Power of Three ×2 strategy are expected to support results. Will Lululemon Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: The upcoming report is expected to benefit from continued international expansion and execution of Power of Three ×2. A better-than-expected release could reinforce the recent improvement in investor sentiment around LULU. lululemon Q2 Earnings Upcoming: Is It Likely to Surprise Investors?
- Neutral Sentiment: lululemon is scheduled to report quarterly results Thursday. Investors will likely focus on sales growth, international performance, margins and management’s outlook. The company’s previous quarter modestly exceeded consensus estimates, while full-year earnings guidance remains a key benchmark.
- Neutral Sentiment: Next week’s U.S. jobs report and other economic data could influence interest-rate expectations and broader consumer and retail stocks, potentially affecting LULU independently of its earnings fundamentals. The Week Ahead: August Jobs Report Takes Center Stage
- Negative Sentiment: Analysts expect North American softness and margin pressure to weigh on the quarter, creating execution risk even if international operations perform well. lululemon Q2 Earnings Upcoming: Is It Likely to Surprise Investors?
- Negative Sentiment: UBS issued a pessimistic forecast for LULU, while a separate analyst downgrade previously pressured the shares. These actions signal continued concerns about valuation, growth durability and the company’s near-term outlook. UBS Group Issues Pessimistic Forecast for lululemon athletica Stock Price lululemon Shares Gap Down on Analyst Downgrade
Insider Buying and Selling at lululemon athletica
In other news, Director Charles V. Bergh bought 4,275 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on LULU shares. Truist Financial downgraded shares of lululemon athletica from a “hold” rating to a “sell” rating and decreased their target price for the company from $115.00 to $94.00 in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of lululemon athletica from $171.00 to $127.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. Jefferies Financial Group decreased their price objective on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, June 5th. Bank of America lowered their target price on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Finally, Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $148.38.
Read Our Latest Research Report on lululemon athletica
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.
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