Prudential Financial Inc. Purchases 5,857 Shares of lululemon athletica inc. $LULU

Prudential Financial Inc. raised its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 10.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 64,096 shares of the apparel retailer’s stock after acquiring an additional 5,857 shares during the period. Prudential Financial Inc.’s holdings in lululemon athletica were worth $15,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Sandler Capital Management acquired a new stake in shares of lululemon athletica in the first quarter valued at $484,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in lululemon athletica in the 2nd quarter valued at about $17,747,000. K.J. Harrison & Partners Inc increased its position in lululemon athletica by 100.1% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after acquiring an additional 3,002 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in shares of lululemon athletica by 26.9% in the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer’s stock worth $2,165,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of lululemon athletica by 5.9% during the first quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer’s stock worth $211,704,000 after purchasing an additional 41,936 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

Shares of LULU stock opened at $181.94 on Thursday. The firm has a market cap of $21.58 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 10.64 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. The firm’s 50-day simple moving average is $171.88 and its two-hundred day simple moving average is $212.91.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LULU shares. Sanford C. Bernstein lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target for the company. in a report on Thursday, October 16th. Bank of America decreased their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. HSBC downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research report on Thursday, September 11th. Telsey Advisory Group lowered lululemon athletica from an “outperform” rating to a “market perform” rating and cut their price target for the company from $360.00 to $200.00 in a research note on Monday, September 15th. Finally, Baird R W lowered lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and an average price target of $227.68.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider directly owned 8,993 shares of the company’s stock, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

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.