Pictet Asset Management Holding SA Acquires 46,792 Shares of lululemon athletica inc. $LULU

Pictet Asset Management Holding SA increased its holdings in lululemon athletica inc. (NASDAQ:LULU) by 75.6% during the first quarter, Holdings Channel.com reports. The firm owned 108,710 shares of the apparel retailer’s stock after acquiring an additional 46,792 shares during the quarter. Pictet Asset Management Holding SA’s holdings in lululemon athletica were worth $16,639,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Davis Investment Partners LLC boosted its position in lululemon athletica by 2.9% during the fourth quarter. Davis Investment Partners LLC now owns 2,064 shares of the apparel retailer’s stock valued at $435,000 after buying an additional 58 shares during the period. NorthRock Partners LLC lifted its stake in shares of lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock valued at $276,000 after acquiring an additional 62 shares during the last quarter. Murphy & Mullick Capital Management Corp lifted its stake in shares of lululemon athletica by 4.3% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock valued at $242,000 after acquiring an additional 65 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in lululemon athletica by 1.7% during the 2nd quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after acquiring an additional 73 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in lululemon athletica by 3.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,422 shares of the apparel retailer’s stock valued at $430,000 after acquiring an additional 74 shares during the period. 85.20% of the stock is owned by institutional investors.

lululemon athletica Stock Up 1.7%

NASDAQ:LULU opened at $118.43 on Friday. The firm’s fifty day simple moving average is $124.60 and its 200 day simple moving average is $161.28. The stock has a market cap of $14.05 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 3.75 and a beta of 0.88. lululemon athletica inc. has a twelve month low of $104.44 and a twelve month high of $249.97.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.67 by $0.02. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the business earned $2.60 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. 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. On average, analysts expect that lululemon athletica inc. will post 11.14 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the transaction, the insider owned 19,156 shares in the company, valued at approximately $3,084,116. This represents a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles V. Bergh bought 4,275 shares of lululemon athletica stock in a transaction on Monday, June 15th. The shares were purchased at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LULU. Truist Financial decreased their price target on lululemon athletica from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. Citigroup dropped their price objective on lululemon athletica from $185.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Jefferies Financial Group decreased their target price on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. UBS Group lowered their price target on shares of lululemon athletica from $153.00 to $124.00 and set a “neutral” rating for the company in a report on Sunday, June 7th. Finally, Zacks Research cut shares of lululemon athletica from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $152.88.

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.