L2 Asset Management LLC Purchases New Shares in lululemon athletica inc. $LULU

L2 Asset Management LLC acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,012 shares of the apparel retailer’s stock, valued at approximately $801,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NorthRock Partners LLC increased its holdings in shares of lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock worth $276,000 after buying an additional 62 shares during the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of lululemon athletica by 4.3% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock valued at $242,000 after buying an additional 65 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of lululemon athletica by 1.7% in the 2nd quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after acquiring an additional 73 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of lululemon athletica by 70.3% in the 4th quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 78 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in lululemon athletica by 43.6% in the fourth quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 85 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Trading Up 1.4%

Shares of NASDAQ:LULU opened at $122.78 on Tuesday. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 3.97 and a beta of 0.86. lululemon athletica inc. has a 12 month low of $104.44 and a 12 month high of $225.98. The firm’s 50-day moving average is $117.55 and its 200 day moving average is $139.77.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. 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, equities analysts forecast that lululemon athletica inc. will post 10.93 EPS for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 4,275 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 approximately $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird reduced their price objective on lululemon athletica from $170.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. BTIG Research lowered lululemon athletica from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. Citigroup dropped their target price on lululemon athletica from $185.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Truist Financial downgraded lululemon athletica from a “hold” rating to a “sell” rating and cut their target price for the company from $115.00 to $94.00 in a research report on Thursday, July 16th. Finally, Freedom Capital upgraded lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $148.54.

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.