lululemon athletica inc. $LULU Shares Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 6.6% during the 3rd quarter, Holdings Channel reports. The firm owned 397,874 shares of the apparel retailer’s stock after acquiring an additional 24,519 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in lululemon athletica were worth $70,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LULU. Norges Bank acquired a new stake in shares of lululemon athletica during the second quarter worth $217,344,000. Vanguard Group Inc. increased its position in shares of lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after acquiring an additional 521,915 shares during the period. Pacer Advisors Inc. raised its stake in lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after acquiring an additional 458,322 shares during the last quarter. Geode Capital Management LLC raised its stake in lululemon athletica by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after acquiring an additional 413,062 shares during the last quarter. Finally, Invesco Ltd. lifted its position in lululemon athletica by 23.3% during the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after acquiring an additional 322,816 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LULU. Citigroup increased their price objective on lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Deutsche Bank Aktiengesellschaft began coverage on lululemon athletica in a report on Thursday, January 8th. They set a “hold” rating for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $215.00 price target on shares of lululemon athletica in a report on Monday, January 26th. Robert W. Baird raised their price target on shares of lululemon athletica from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, UBS Group set a $206.00 target price on lululemon athletica in a report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $227.05.

lululemon athletica Trading Up 2.4%

Shares of lululemon athletica stock opened at $187.30 on Friday. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $372.66. The firm has a market capitalization of $21.97 billion, a PE ratio of 12.98, a P/E/G ratio of 11.79 and a beta of 1.01. The firm’s 50-day moving average price is $195.32 and its 200 day moving average price is $184.96.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the firm’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 transaction, the insider owned 5,318 shares in the company, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.