Envestnet Asset Management Inc. Lowers Holdings in lululemon athletica inc. $LULU

Envestnet Asset Management Inc. trimmed its position in lululemon athletica inc. (NASDAQ:LULU) by 21.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,372 shares of the apparel retailer’s stock after selling 29,567 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of lululemon athletica worth $25,269,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LULU. T. Rowe Price Investment Management Inc. lifted its holdings in shares of lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after buying an additional 464,186 shares during the period. Nuveen LLC purchased a new stake in shares of lululemon athletica in the 1st quarter worth $123,894,000. Alliancebernstein L.P. lifted its holdings in shares of lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after buying an additional 394,706 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after buying an additional 162,295 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of lululemon athletica by 16.6% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer’s stock worth $319,463,000 after purchasing an additional 160,897 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $165.47 on Tuesday. The business’s 50-day moving average is $176.55 and its 200 day moving average is $224.62. 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 $19.62 billion, a P/E ratio of 11.25, a P/E/G ratio of 10.64 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The company 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 posted $3.15 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. 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 expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LULU. Hsbc Global Res cut lululemon athletica from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 11th. Stifel Nicolaus restated a “hold” rating and set a $205.00 price objective (down from $324.00) on shares of lululemon athletica in a research note on Friday, September 5th. Truist Financial cut lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a research note on Friday, September 5th. Jefferies Financial Group reiterated an “underperform” rating on shares of lululemon athletica in a research note on Monday, October 27th. Finally, KeyCorp lowered shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, lululemon athletica has an average rating of “Hold” and a consensus price target of $228.42.

Insider Transactions at lululemon athletica

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

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.