Sanders Morris Harris LLC Invests $535,000 in lululemon athletica inc. $LULU

Sanders Morris Harris LLC bought a new position in lululemon athletica inc. (NASDAQ:LULU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,008 shares of the apparel retailer’s stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LULU. Norges Bank bought a new position in shares of lululemon athletica in the second quarter valued at $217,344,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of lululemon athletica by 151.6% during the 1st 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 grew its holdings in shares of lululemon athletica by 16.2% in the 2nd 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 shares of lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after purchasing an additional 394,706 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of lululemon athletica by 23.3% during the second 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 institutional investors and hedge funds.

Insider Activity at lululemon athletica

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

Analysts Set New Price Targets

Several analysts have issued reports on LULU shares. Guggenheim assumed coverage on lululemon athletica in a report on Wednesday, December 10th. They set a “neutral” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. Dbs Bank cut their price target on shares of lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. JPMorgan Chase & Co. raised their price objective on shares of lululemon athletica from $191.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Jefferies Financial Group upgraded shares of lululemon athletica from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $170.00 in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $227.15.

lululemon athletica Stock Up 0.5%

LULU stock opened at $207.87 on Thursday. The company has a 50 day moving average of $176.46 and a two-hundred day moving average of $199.66. The company has a market cap of $24.65 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 12.76 and a beta of 1.01. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the business posted $2.53 earnings per share. lululemon athletica’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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, research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

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.