Oppenheimer Asset Management Inc. Makes New Investment in lululemon athletica inc. $LULU

Oppenheimer Asset Management Inc. purchased a new position in shares of lululemon athletica inc. (NASDAQ:LULU) during the 2nd quarter, HoldingsChannel reports. The firm purchased 10,824 shares of the apparel retailer’s stock, valued at approximately $2,572,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in lululemon athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock worth $3,755,337,000 after purchasing an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after acquiring an additional 162,295 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after acquiring an additional 394,706 shares in the last quarter. Flossbach Von Storch SE boosted its position in shares of lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock worth $396,818,000 after acquiring an additional 130,565 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of lululemon athletica by 7.2% during the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock worth $392,777,000 after acquiring an additional 93,530 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the sale, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

lululemon athletica Stock Down 5.4%

NASDAQ:LULU opened at $170.30 on Thursday. The stock’s 50 day moving average price is $178.64 and its 200 day moving average price is $226.63. The company has a market capitalization of $20.19 billion, a PE ratio of 11.58, a P/E/G ratio of 11.25 and a beta of 1.07. lululemon athletica inc. has a 52-week low of $159.25 and a 52-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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business posted $3.15 EPS. The firm’s quarterly revenue 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. As a group, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several analyst reports. UBS Group lowered their price objective on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. HSBC cut lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research report on Thursday, September 11th. Needham & Company LLC reaffirmed a “hold” rating and set a $192.00 price objective on shares of lululemon athletica in a research report on Thursday, September 25th. The Goldman Sachs Group lowered their price objective on lululemon athletica from $232.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, TD Securities decreased their target price on lululemon athletica from $298.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and a consensus price target of $228.42.

About lululemon athletica

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.