Cidel Asset Management Inc. Has $204,000 Stake in lululemon athletica inc. $LULU

Key Points

• Cidel Asset Management cut its lululemon stake by 97.5% in the second quarter, selling 70,509 shares and retaining 1,791 shares worth approximately $204,000.
• Lululemon’s latest quarterly results beat EPS estimates at $2.92, but revenue fell 4.3% year over year to $2.42 billion, while the stock traded near its 52-week low at $98.97.
• Analyst sentiment is broadly negative: the stock has a consensus “Reduce” rating and an average price target of $111.54, reflecting concerns over weaker demand, margin pressure and reduced revenue guidance.

Cidel Asset Management Inc. reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 97.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,791 shares of the apparel retailer's stock after selling 70,509 shares during the period. Cidel Asset Management Inc.'s holdings in lululemon athletica were worth $204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Baird Financial Group Inc. increased its position in lululemon athletica by 7.4% during the 2nd quarter. Baird Financial Group Inc. now owns 413,412 shares of the apparel retailer's stock valued at $47,203,000 after purchasing an additional 28,643 shares during the period. MUFG Securities EMEA plc raised its holdings in lululemon athletica by 9,695.1% during the 4th quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer's stock worth $42,481,000 after purchasing an additional 202,337 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of lululemon athletica in the 4th quarter worth approximately $13,989,000. OP Asset Management Ltd acquired a new position in shares of lululemon athletica in the 1st quarter worth approximately $1,664,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of lululemon athletica by 25.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,054 shares of the apparel retailer's stock worth $8,947,000 after purchasing an additional 8,732 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

lululemon athletica stock opened at $98.97 on Friday. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 2.47 and a beta of 0.87. lululemon athletica inc. has a 52-week low of $95.67 and a 52-week high of $225.98. The stock's 50 day moving average price is $116.77 and its two-hundred day moving average price is $133.51.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $1.13. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business posted $3.10 EPS. lululemon athletica's revenue for the quarter was down 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, equities research analysts forecast that lululemon athletica inc. will post 8.91 EPS for the current year.

Key Headlines Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of lululemon athletica from $171.00 to $127.00 and set a "hold" rating for the company in a research report on Monday, June 8th. Rothschild & Co Redburn dropped their target price on shares of lululemon athletica from $160.00 to $110.00 and set a "sell" rating on the stock in a report on Tuesday, June 16th. Wells Fargo & Company cut their price target on shares of lululemon athletica from $105.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Friday, September 4th. BNP Paribas Exane cut their price target on shares of lululemon athletica from $88.00 to $44.00 and set an "underperform" rating on the stock in a research report on Friday, September 4th. Finally, Weiss Ratings upgraded lululemon athletica from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $111.54.

Insider Buying and Selling

In related news, Director Charles Bergh purchased 4,275 shares of the firm's stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company's stock.

About lululemon athletica

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company's products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.

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