Allspring Global Investments Holdings LLC Increases Stake in lululemon athletica inc. $LULU

Allspring Global Investments Holdings LLC increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 232.7% in the 1st quarter, Holdings Channel reports. The firm owned 21,381 shares of the apparel retailer’s stock after buying an additional 14,954 shares during the period. Allspring Global Investments Holdings LLC’s holdings in lululemon athletica were worth $3,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LULU. Norges Bank bought a new stake in shares of lululemon athletica during the 4th quarter valued at $362,598,000. Boston Partners purchased a new stake in lululemon athletica during the 4th quarter valued at $304,875,000. Invesco Ltd. raised its position in lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after purchasing an additional 490,127 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of lululemon athletica by 77.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 979,054 shares of the apparel retailer’s stock valued at $203,457,000 after buying an additional 426,860 shares during the period. Finally, Contrarius Group Holdings Ltd bought a new position in shares of lululemon athletica during the fourth quarter valued at approximately $86,441,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Trading Up 3.3%

Shares of NASDAQ:LULU opened at $114.28 on Friday. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $225.98. The business has a 50 day moving average of $118.73 and a two-hundred day moving average of $151.13. The company has a market capitalization of $13.56 billion, a PE ratio of 9.22, a PEG ratio of 3.62 and a beta of 0.88.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.02. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the company earned $2.60 EPS. The business’s 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. Equities research analysts predict that lululemon athletica inc. will post 10.94 earnings per share for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In related news, Director Charles V. Bergh purchased 4,275 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $117.05 per share, with a total value of $500,388.75. Following the purchase, the director owned 10,365 shares of the company’s stock, valued at $1,213,223.25. This represents a 70.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of lululemon athletica in a research note on Friday, June 5th. BTIG Research cut lululemon athletica from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. Wells Fargo & Company lowered their price target on lululemon athletica from $110.00 to $105.00 and set an “equal weight” rating for the company in a report on Tuesday. The Goldman Sachs Group dropped their price target on lululemon athletica from $177.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Weiss Ratings downgraded shares of lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, lululemon athletica presently has a consensus rating of “Reduce” and a consensus target price of $148.35.

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.