New England Research & Management Inc. Purchases New Position in lululemon athletica inc. $LULU

New England Research & Management Inc. purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,950 shares of the apparel retailer’s stock, valued at approximately $1,770,000.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in lululemon athletica in the second quarter worth $217,344,000. T. Rowe Price Investment Management Inc. grew its position in lululemon athletica by 151.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after acquiring an additional 464,186 shares in the last quarter. Geode Capital Management LLC increased its stake in lululemon athletica by 16.2% during the second 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. Alliancebernstein L.P. raised its position in lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of lululemon athletica by 23.3% in the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after purchasing an additional 322,816 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial lowered 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. The Goldman Sachs Group increased their target price on shares of lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday. Baird R W cut shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Stifel Nicolaus increased their price objective on shares of lululemon athletica from $205.00 to $210.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Oppenheimer restated a “market perform” rating and set a $500.00 target price on shares of lululemon athletica in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-one have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and an average price target of $227.95.

lululemon athletica Stock Performance

lululemon athletica stock opened at $206.29 on Tuesday. The company has a market capitalization of $24.46 billion, a PE ratio of 14.30, a P/E/G ratio of 12.71 and a beta of 1.01. The company has a 50 day moving average price of $175.13 and a 200-day moving average price of $200.35. 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 data on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the business posted $2.53 EPS. lululemon athletica’s quarterly 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. On average, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.