Jupiter Topco LLC Takes Position in lululemon athletica inc. $LULU

Key Points

• Jupiter Topco LLC acquired 13,224 lululemon shares during the second quarter, valued at approximately $1.51 million. Institutional investors collectively own 85.2% of the company.
• Lululemon’s second-quarter adjusted EPS beat estimates, but revenue fell 4% year over year to $2.42 billion and comparable sales declined 9%; management also lowered full-year guidance and expects another 10%–11% revenue decline in Q3.
• Shares opened at $100.61 after a sharp decline, while analysts broadly reduced price targets and the stock carried an average “Reduce” rating with a $116.46 consensus target.

Jupiter Topco LLC bought a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,224 shares of the apparel retailer's stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. bought a new position in lululemon athletica during the fourth quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth about $31,000. DV Equities LLC purchased a new position in shares of lululemon athletica during the 4th quarter worth about $31,000. GW&K Investment Management LLC boosted its stake in shares of lululemon athletica by 70.3% during the 4th quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer's stock worth $39,000 after purchasing an additional 78 shares during the period. Finally, Rexford Capital Inc. bought a new position in lululemon athletica during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

More lululemon athletica News

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

• Positive Sentiment: Fiscal Q2 adjusted EPS of $2.92 exceeded the $1.79 consensus estimate. However, approximately $0.86 per share of the result came from tariff refunds, making the beat less indicative of underlying operating strength. lululemon Q2 Earnings Beat on Tariff Refunds Despite Revenue Miss
• Positive Sentiment: Michael Burry reportedly remains bullish and indicated he may buy more shares below $100, offering a contrarian vote of confidence despite the disappointing results. Lululemon Sinks 20% After Second Guidance Cut
• Neutral Sentiment: Incoming CEO Heidi O’Neill takes over next week, putting renewed focus on whether a product refresh, stronger marketing and improved traffic can restore growth. Lululemon forecast cut hits shares, underscores challenge for next CEO
• Neutral Sentiment: Analyst opinion became more cautious: Goldman Sachs, Barclays, JPMorgan, Morgan Stanley, Piper Sandler and others lowered price targets, though several retained neutral or market-perform ratings and some targets remain above the stock’s recent level.
• Negative Sentiment: Q2 revenue fell 4% year over year to $2.42 billion, below the $2.46 billion consensus, while comparable sales dropped 9%. Americas revenue declined 8% and comparable sales fell 12%, signaling weakness in the company’s core market. Lululemon shares tumble on weak China, North America sales
• Negative Sentiment: Management reduced fiscal 2026 revenue guidance to $10.35 billion-$10.50 billion and EPS guidance to $9.48-$9.73. Q3 revenue is expected to decline 10%-11%, reinforcing concerns that the slowdown will persist.
• Negative Sentiment: The CEO transition, uneven product acceptance, softer store traffic, intense competition and a stronger-than-expected jobs report that increased rate concerns compounded the pressure on the apparel retailer’s valuation.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of lululemon athletica from $154.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday. Wells Fargo & Company cut their target price on lululemon athletica from $105.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Friday. BTIG Research reissued a "neutral" rating on shares of lululemon athletica in a research note on Friday. Weiss Ratings cut lululemon athletica from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 24th. Finally, Truist Financial reaffirmed a "sell" rating and issued a $82.00 price objective (down from $94.00) on shares of lululemon athletica in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $116.46.

Insider Activity

In related news, Director Charles Bergh acquired 4,275 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 10,365 shares of the company's stock, valued at $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Trading Down 17.4%

Shares of LULU stock opened at $100.61 on Friday. lululemon athletica inc. has a 12-month low of $97.99 and a 12-month high of $225.98. The business's fifty day simple moving average is $118.42 and its 200-day simple moving average is $136.36. The company has a market cap of $11.94 billion, a PE ratio of 8.24, a PEG ratio of 2.53 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $1.13. lululemon athletica had a return on equity of 27.73% and a net margin of 12.78%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $3.10 EPS. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. 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 analysts forecast that lululemon athletica inc. will post 10.93 earnings per share for the current year.

About lululemon athletica

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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