Envestnet Asset Management Inc. Sells 44,882 Shares of lululemon athletica inc. $LULU

Envestnet Asset Management Inc. lessened its holdings in lululemon athletica inc. (NASDAQ:LULU) by 42.2% during the third quarter, Holdings Channel.com reports. The firm owned 61,490 shares of the apparel retailer’s stock after selling 44,882 shares during the quarter. Envestnet Asset Management Inc.’s holdings in lululemon athletica were worth $10,941,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LULU. K.J. Harrison & Partners Inc grew its position in lululemon athletica by 100.1% during the second 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 during the period. Hussman Strategic Advisors Inc. raised its position in lululemon athletica by 66.7% in the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock worth $3,737,000 after acquiring an additional 8,400 shares during the period. Pacer Advisors Inc. boosted its stake 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 during the last quarter. Pacific Heights Asset Management LLC grew its position in shares of lululemon athletica by 44.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock valued at $11,565,000 after acquiring an additional 20,000 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of lululemon athletica in the 2nd quarter worth $3,276,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at lululemon athletica

In other news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total value of $2,756,244.00. Following the sale, the insider directly owned 5,318 shares in the company, valued at $1,084,872. The trade was a 71.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on lululemon athletica in a research report on Thursday, January 8th. They set a “hold” rating on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Piper Sandler increased their target price on shares of lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Telsey Advisory Group restated a “market perform” rating and set a $215.00 target price on shares of lululemon athletica in a research note on Monday, January 26th. Finally, BTIG Research reiterated a “buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $227.05.

lululemon athletica Trading Up 2.5%

Shares of LULU stock opened at $182.13 on Thursday. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 11.19 and a beta of 1.01. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $374.41. The stock’s 50-day moving average price is $195.75 and its 200-day moving average price is $185.11.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. 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, research analysts predict that lululemon athletica inc. will post 14.36 EPS 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.