Marietta Wealth Management LLC Grows Stock Position in lululemon athletica inc. $LULU

Marietta Wealth Management LLC increased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,492 shares of the apparel retailer’s stock after purchasing an additional 1,079 shares during the quarter. Marietta Wealth Management LLC’s holdings in lululemon athletica were worth $4,393,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LULU. Brighton Jones LLC purchased a new position in lululemon athletica during the fourth quarter worth about $429,000. Merit Financial Group LLC lifted its position in lululemon athletica by 124.4% during the first quarter. Merit Financial Group LLC now owns 3,786 shares of the apparel retailer’s stock worth $1,072,000 after buying an additional 2,099 shares during the period. Clean Yield Group lifted its position in lululemon athletica by 41.2% during the first quarter. Clean Yield Group now owns 10,876 shares of the apparel retailer’s stock worth $3,079,000 after buying an additional 3,173 shares during the period. UMB Bank n.a. lifted its position in lululemon athletica by 6.3% during the first quarter. UMB Bank n.a. now owns 744 shares of the apparel retailer’s stock worth $211,000 after buying an additional 44 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in lululemon athletica by 8.0% during the first quarter. Farther Finance Advisors LLC now owns 1,401 shares of the apparel retailer’s stock worth $392,000 after buying an additional 104 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LULU has been the topic of several recent analyst reports. Bank of America reduced their target price on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Morgan Stanley reduced their target price on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Telsey Advisory Group downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $360.00 to $200.00 in a report on Monday, September 15th. JPMorgan Chase & Co. cut their price objective on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, HSBC downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective on the stock. in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $233.33.

lululemon athletica Stock Down 1.5%

Shares of NASDAQ LULU opened at $175.59 on Friday. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The business has a 50 day moving average price of $187.64 and a two-hundred day moving average price of $241.44. The firm has a market cap of $20.82 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 10.98 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

lululemon athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.