Eastern Bank Decreases Stock Holdings in lululemon athletica inc. $LULU

Key Points

• Eastern Bank cut its lululemon stake by 98.7% in the second quarter, selling 31,875 shares and retaining 430 shares worth approximately $49,000.
• Director Charles V. Bergh purchased 4,275 shares at $117.05 each, increasing his ownership by 70.2%; institutional investors still own 85.2% of LULU.
• Lululemon beat quarterly earnings and revenue estimates, but analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $148.54 average price target, while shares recently traded at $124.73.

Eastern Bank lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 98.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430 shares of the apparel retailer's stock after selling 31,875 shares during the quarter. Eastern Bank's holdings in lululemon athletica were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Brighton Jones LLC purchased a new position in shares of lululemon athletica in the 4th quarter worth approximately $429,000. NewEdge Advisors LLC lifted its position in lululemon athletica by 5.1% during the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer's stock valued at $1,089,000 after acquiring an additional 186 shares during the last quarter. Glenview Trust co lifted its position in lululemon athletica by 39.9% during the second quarter. Glenview Trust co now owns 996 shares of the apparel retailer's stock valued at $237,000 after acquiring an additional 284 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in lululemon athletica in the second quarter valued at approximately $508,000. Finally, Raymond James Financial Inc. grew its holdings in lululemon athletica by 10.7% in the second quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer's stock worth $26,759,000 after purchasing an additional 10,891 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Buying and Selling at lululemon athletica

In other news, Director Charles V. Bergh acquired 4,275 shares of the business's stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director owned 10,365 shares of the company's stock, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Trading Up 1.0%

NASDAQ:LULU opened at $124.73 on Friday. lululemon athletica inc. has a 12 month low of $104.44 and a 12 month high of $225.98. The firm has a fifty day simple moving average of $117.83 and a 200-day simple moving average of $145.18. The company has a market capitalization of $14.80 billion, a P/E ratio of 10.07, a PEG ratio of 4.05 and a beta of 0.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 earnings per share. 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. Equities analysts forecast that lululemon athletica inc. will post 10.94 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. Piper Sandler reduced their price target on lululemon athletica from $130.00 to $110.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. Morgan Stanley restated an "underweight" rating and set a $93.00 target price on shares of lululemon athletica in a research note on Monday, July 6th. Wells Fargo & Company reduced their target price on lululemon athletica from $110.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Robert W. Baird decreased their price target on lululemon athletica from $170.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Finally, Bank of America lowered their price target on lululemon athletica from $175.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-four have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $148.54.

lululemon athletica Company Profile

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.

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source