Envestnet Asset Management Inc. Sells 44,882 Shares of lululemon athletica inc. $LULU

Envestnet Asset Management Inc. reduced its position in lululemon athletica inc. (NASDAQ:LULU) by 42.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,490 shares of the apparel retailer’s stock after selling 44,882 shares during the quarter. Envestnet Asset Management Inc. owned 0.05% of lululemon athletica worth $10,941,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 116 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Tradewinds Capital Management LLC raised its position in lululemon athletica by 18,400.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 184 shares during the period. Golden State Wealth Management LLC lifted its stake in lululemon athletica by 129.4% in the third 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 during the last quarter. Finally, Cromwell Holdings LLC boosted its position in lululemon athletica by 89.9% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 98 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Trading Up 2.5%

NASDAQ:LULU opened at $182.13 on Thursday. The company has a 50-day moving average price of $195.75 and a 200-day moving average price of $185.11. The stock has a market cap of $21.37 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 11.19 and a beta of 1.01. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $374.41.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. lululemon athletica’s revenue was up 7.1% on a year-over-year basis. 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. Equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on LULU shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $215.00 price objective on shares of lululemon athletica in a report on Monday, January 26th. Piper Sandler lifted their price target on lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. BNP Paribas Exane lowered their price objective on lululemon athletica from $230.00 to $206.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Citigroup raised their target price on shares of lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $227.05.

Insider Activity at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the sale, the insider directly owned 5,318 shares of the company’s stock, valued at $1,084,872. This represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

lululemon athletica Company Profile

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.