Exchange Traded Concepts LLC Raises Position in lululemon athletica inc. $LULU

Exchange Traded Concepts LLC boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 828.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,290 shares of the apparel retailer's stock after buying an additional 18,998 shares during the period. Exchange Traded Concepts LLC's holdings in lululemon athletica were worth $2,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Brighton Jones LLC bought a new position in shares of lululemon athletica in the fourth quarter worth approximately $429,000. NewEdge Advisors LLC raised its stake in lululemon athletica by 5.1% in the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer's stock valued at $1,089,000 after purchasing an additional 186 shares in 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 purchasing an additional 284 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in lululemon athletica during the second quarter valued at approximately $508,000. Finally, Raymond James Financial Inc. lifted its position in lululemon athletica by 10.7% during the second quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer's stock valued at $26,759,000 after purchasing an additional 10,891 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Trading Down 1.1%

Shares of NASDAQ:LULU opened at $119.56 on Friday. The stock has a market capitalization of $14.19 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 3.96 and a beta of 0.86. The stock's 50-day moving average price is $117.46 and its 200-day moving average price is $142.76. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $225.98.

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 the consensus estimate of $1.67 by $0.02. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The business's revenue 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. As a group, research analysts predict that lululemon athletica inc. will post 10.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LULU shares. Bank of America decreased their price target on shares of lululemon athletica from $175.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. Citigroup dropped their price objective on shares of lululemon athletica from $185.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, June 9th. Stifel Nicolaus cut their target price on shares of lululemon athletica from $176.00 to $134.00 and set a "hold" rating for the company in a research report on Friday, June 5th. BNP Paribas Exane cut lululemon athletica from a "neutral" rating to an "underperform" rating and set a $88.00 target price on the stock. in a research note on Friday, June 5th. Finally, The Goldman Sachs Group lowered their price target on lululemon athletica from $177.00 to $122.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-four have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $148.54.

Insider Transactions at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 4,275 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the transaction, the director directly 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

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.

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