lululemon athletica (NASDAQ:LULU) Shares Up 4.4% – Still a Buy?

lululemon athletica inc. (NASDAQ:LULU)’s share price rose 4.4% during trading on Friday . The stock traded as high as $120.28 and last traded at $120.07. Approximately 2,288,402 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 3,053,664 shares. The stock had previously closed at $115.00.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on lululemon athletica from $176.00 to $134.00 and set a “hold” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of lululemon athletica from $171.00 to $127.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. Bank of America lowered their target price on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Sanford C. Bernstein reduced their price target on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 3rd. Finally, Barclays decreased their price objective on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $148.38.

lululemon athletica Trading Up 4.0%

The company has a market capitalization of $14.19 billion, a PE ratio of 9.65, a PEG ratio of 3.82 and a beta of 0.86. The business has a fifty day moving average of $117.76 and a 200 day moving average of $138.56.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.60 earnings per share. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. Equities analysts forecast that lululemon athletica inc. will post 10.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other lululemon athletica news, Director Charles V. Bergh bought 4,275 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $117.05 per share, with a total value of $500,388.75. Following the purchase, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On lululemon athletica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. HighTower Advisors LLC increased its position in shares of lululemon athletica by 37.0% during the second quarter. HighTower Advisors LLC now owns 30,841 shares of the apparel retailer’s stock worth $3,521,000 after acquiring an additional 8,336 shares during the period. Groupe la Francaise purchased a new position in lululemon athletica in the second quarter valued at $515,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in lululemon athletica during the 2nd quarter worth $1,844,000. California State Teachers Retirement System grew its stake in lululemon athletica by 10,065.8% during the 2nd quarter. California State Teachers Retirement System now owns 17,180,893 shares of the apparel retailer’s stock worth $1,961,714,000 after purchasing an additional 17,011,886 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in lululemon athletica by 21.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 21,893 shares of the apparel retailer’s stock worth $2,500,000 after purchasing an additional 3,917 shares during the period. Hedge funds and other institutional investors own 85.20% 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.