Cidel Asset Management Inc. Buys New Position in lululemon athletica inc. $LULU

Cidel Asset Management Inc. bought a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) during the 1st quarter, Holdings Channel reports. The institutional investor bought 72,300 shares of the apparel retailer’s stock, valued at approximately $11,069,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Uniplan Investment Counsel Inc. purchased a new stake in shares of lululemon athletica during the fourth quarter worth about $26,000. Integrated Financial Solutions Inc. purchased a new position in shares of lululemon athletica in the 4th quarter valued at approximately $26,000. GoalVest Advisory LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in lululemon athletica in the 4th quarter worth approximately $31,000. Finally, DV Equities LLC acquired a new stake in lululemon athletica in the 4th quarter worth approximately $31,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on LULU shares. Stifel Nicolaus cut their price target on shares of lululemon athletica from $176.00 to $134.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. The Goldman Sachs Group lowered their price objective on shares of lululemon athletica from $177.00 to $122.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Telsey Advisory Group dropped their price objective on shares of lululemon athletica from $175.00 to $122.00 and set a “market perform” rating on the stock in a report on Friday, June 5th. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research report on Friday, June 5th. Finally, Robert W. Baird reduced their target price on lululemon athletica from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $152.88.

lululemon athletica Trading Up 3.3%

LULU opened at $108.92 on Wednesday. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $252.24. The firm has a market capitalization of $12.93 billion, a PE ratio of 8.79, a P/E/G ratio of 3.39 and a beta of 0.88. The firm has a 50 day moving average of $131.48 and a two-hundred day moving average of $164.89.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.67 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 EPS. 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. As a group, analysts predict that lululemon athletica inc. will post 11.14 EPS for the current fiscal year.

Insider Buying and Selling

In other lululemon athletica news, insider Nicole Neuburger sold 622 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total value of $100,142.00. Following the sale, the insider directly owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andre Maestrini purchased 3,275 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were bought at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the transaction, the chief executive officer directly owned 34,551 shares in the company, valued at $5,217,892.02. This trade represents a 10.47% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

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.