Pekin Hardy Strauss Inc. Invests $6.53 Million in lululemon athletica inc. $LULU

Pekin Hardy Strauss Inc. acquired a new position in lululemon athletica inc. (NASDAQ:LULU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,472 shares of the apparel retailer’s stock, valued at approximately $6,527,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock worth $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Alliancebernstein L.P. grew its stake in lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. Invesco Ltd. raised its holdings in lululemon athletica by 7.2% in the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock worth $392,777,000 after purchasing an additional 93,530 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of lululemon athletica by 12.1% during the first quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer’s stock valued at $368,266,000 after buying an additional 139,944 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of a number of analyst reports. Bank of America cut their price objective on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. HSBC lowered shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a report on Thursday, September 11th. UBS Group decreased their price objective on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, September 5th. KeyCorp downgraded lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $195.00 target price (down from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.42.

Insider Buying and Selling

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

lululemon athletica Price Performance

Shares of LULU stock opened at $163.55 on Friday. The business has a fifty day moving average of $174.13 and a 200 day moving average of $223.17. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The firm has a market capitalization of $19.39 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07.

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

lululemon athletica 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.