Hussman Strategic Advisors Inc. increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 66.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,000 shares of the apparel retailer’s stock after purchasing an additional 8,400 shares during the quarter. lululemon athletica makes up approximately 0.8% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 12th largest position. Hussman Strategic Advisors Inc.’s holdings in lululemon athletica were worth $3,737,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in lululemon athletica in the 2nd quarter worth approximately $217,344,000. Pacer Advisors Inc. increased its stake in shares of lululemon athletica by 2,598.9% in the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after acquiring an additional 458,322 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after acquiring an additional 413,062 shares in the last quarter. Invesco Ltd. boosted its position in lululemon athletica by 23.3% during the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after purchasing an additional 322,816 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in lululemon athletica by 130,353.2% during the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock valued at $68,185,000 after purchasing an additional 286,777 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Evercore ISI upped their target price on lululemon athletica from $180.00 to $215.00 in a research report on Friday, December 12th. The Goldman Sachs Group increased their price objective on lululemon athletica from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Bank of America lifted their target price on shares of lululemon athletica from $185.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. BTIG Research restated a “buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Finally, UBS Group set a $206.00 price objective on shares of lululemon athletica in a research note on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $227.57.
lululemon athletica Trading Down 3.3%
NASDAQ:LULU opened at $186.39 on Wednesday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The firm’s fifty day simple moving average is $196.85 and its 200 day simple moving average is $189.70. The firm has a market capitalization of $21.86 billion, a PE ratio of 12.92, a PEG ratio of 11.91 and a beta of 1.01.
lululemon athletica (NASDAQ:LULU – Get Free Report) last released its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. 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. As a group, analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.
Insider Transactions at lululemon athletica
In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the firm’s 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 sale, the insider owned 5,318 shares of the company’s stock, valued at $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.
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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