Franklin Resources Inc. Grows Stake in lululemon athletica inc. $LULU

Franklin Resources Inc. lifted its stake in lululemon athletica inc. (NASDAQ:LULU) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,574 shares of the apparel retailer’s stock after purchasing an additional 98,439 shares during the quarter. Franklin Resources Inc. owned 0.88% of lululemon athletica worth $250,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brandywine Global Investment Management LLC bought a new stake in lululemon athletica during the 2nd quarter valued at about $12,021,000. Neo Ivy Capital Management bought a new position in shares of lululemon athletica in the second quarter worth approximately $209,000. DNB Asset Management AS grew its holdings in shares of lululemon athletica by 1.5% during the second quarter. DNB Asset Management AS now owns 20,640 shares of the apparel retailer’s stock valued at $4,904,000 after buying an additional 305 shares during the last quarter. Swiss National Bank increased its position in shares of lululemon athletica by 6.2% during the second quarter. Swiss National Bank now owns 332,100 shares of the apparel retailer’s stock valued at $78,900,000 after acquiring an additional 19,500 shares in the last quarter. Finally, Headwater Capital Co Ltd bought a new stake in shares of lululemon athletica during the second quarter valued at approximately $12,592,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Performance

LULU stock opened at $168.18 on Friday. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 10.64 and a beta of 1.07. The business’s 50-day moving average is $171.01 and its two-hundred day moving average is $215.07. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $3.15 EPS. The business’s revenue for the quarter 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. Equities analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several analyst reports. BNP Paribas Exane raised lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price objective on the stock in a research report on Monday, October 20th. Rothschild & Co Redburn decreased their price target on lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research note on Friday, September 12th. Truist Financial downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Friday, September 5th. Wells Fargo & Company reduced their price objective on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Finally, Zacks Research raised lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $227.68.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

lululemon athletica 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.