lululemon athletica inc. $LULU Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its position in lululemon athletica inc. (NASDAQ:LULU) by 143.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 186,543 shares of the apparel retailer’s stock after purchasing an additional 109,825 shares during the period. Cibc World Market Inc. owned about 0.16% of lululemon athletica worth $33,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Cornerstone Planning Group LLC grew its stake in lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of lululemon athletica by 464.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 116 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of lululemon athletica by 129.4% during the 3rd quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In related news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the sale, the insider owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Daiwa Securities Group upped their target price on lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Evercore upped their price objective on lululemon athletica from $180.00 to $215.00 in a research report on Friday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $210.00 price objective on shares of lululemon athletica in a research note on Tuesday, December 30th. Piper Sandler boosted their target price on shares of lululemon athletica from $165.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and an average target price of $227.05.

lululemon athletica Stock Down 2.6%

LULU stock opened at $175.86 on Thursday. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 11.41 and a beta of 1.01. The business has a fifty day simple moving average of $196.64 and a 200-day simple moving average of $186.15. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $400.01.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. As a group, analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.