Allianz Asset Management GmbH Raises Stake in lululemon athletica inc. $LULU

Allianz Asset Management GmbH raised its position in lululemon athletica inc. (NASDAQ:LULU) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,871 shares of the apparel retailer’s stock after purchasing an additional 3,113 shares during the period. Allianz Asset Management GmbH’s holdings in lululemon athletica were worth $8,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in lululemon athletica in the second quarter valued at $17,747,000. K.J. Harrison & Partners Inc boosted its position in shares of lululemon athletica by 100.1% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock worth $1,426,000 after acquiring an additional 3,002 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in shares of lululemon athletica by 66.7% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after acquiring an additional 8,400 shares during the last quarter. Alpha Wealth Funds LLC purchased a new position in shares of lululemon athletica in the 2nd quarter valued at about $470,000. Finally, Pacer Advisors Inc. raised its position in shares of lululemon athletica by 2,598.9% during the 3rd 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 in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. The trade was a 71.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LULU. The Goldman Sachs Group upped their price target on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Piper Sandler upped their target price on shares of lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective for the company. in a research note on Thursday, October 16th. Finally, Bank of America lifted their target price on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and a consensus target price of $227.05.

lululemon athletica Trading Up 1.6%

Shares of LULU stock opened at $175.68 on Tuesday. The stock has a 50 day simple moving average of $196.80 and a 200-day simple moving average of $186.50. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 10.92 and a beta of 1.01. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $403.21.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the prior year, the business posted $2.53 earnings per share. lululemon athletica’s revenue was up 7.1% compared to the same quarter last year. 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. On average, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.