KMG Fiduciary Partners LLC Purchases New Position in lululemon athletica inc. $LULU

Key Points

• KMG Fiduciary Partners purchased 11,828 lululemon shares worth approximately $1.35 million, while institutional investors collectively own 85.2% of the company. Director Charles V. Bergh also bought 4,275 shares valued at about $500,000.
• Lululemon’s latest quarterly results modestly exceeded expectations, with earnings of $1.69 per share and revenue of $2.47 billion. Revenue increased 4.3% year over year, though earnings declined from $2.60 per share in the prior-year quarter.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $148.54 price target, while several firms recently lowered their targets. Shares opened at $127.80, substantially below their 52-week high of $225.98.

KMG Fiduciary Partners LLC purchased a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,828 shares of the apparel retailer's stock, valued at approximately $1,351,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of lululemon athletica by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer's stock valued at $631,526,000 after buying an additional 71,464 shares in the last quarter. Invesco Ltd. grew its holdings in shares of lululemon athletica by 28.7% during the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer's stock worth $391,544,000 after purchasing an additional 490,127 shares during the last quarter. Morgan Stanley grew its holdings in shares of lululemon athletica by 2.8% during the fourth quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer's stock worth $456,592,000 after purchasing an additional 59,282 shares during the last quarter. Norges Bank acquired a new stake in shares of lululemon athletica during the fourth quarter worth about $362,598,000. Finally, Boston Partners purchased a new stake in shares of lululemon athletica in the 4th quarter valued at about $304,875,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling

In related news, Director Charles V. Bergh bought 4,275 shares of the firm's stock in a transaction on Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Stock Down 0.6%

Shares of lululemon athletica stock opened at $127.80 on Tuesday. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 4.22 and a beta of 0.86. lululemon athletica inc. has a 52-week low of $104.44 and a 52-week high of $225.98. The company's 50-day simple moving average is $117.69 and its 200-day simple moving average is $144.23.

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 company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.60 EPS. 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 research analysts anticipate that lululemon athletica inc. will post 10.93 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of several research analyst reports. Bank of America cut their price target on lululemon athletica from $175.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. Telsey Advisory Group decreased their price objective on lululemon athletica from $175.00 to $122.00 and set a "market perform" rating for the company in a report on Friday, June 5th. BNP Paribas Exane lowered shares of lululemon athletica from a "neutral" rating to an "underperform" rating and set a $88.00 target price on the stock. in a research report on Friday, June 5th. Freedom Capital raised shares of lululemon athletica from a "strong sell" rating to a "hold" rating in a report on Friday, June 5th. Finally, Robert W. Baird reduced their price target on shares of lululemon athletica from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-four have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, lululemon athletica currently has an average rating of "Reduce" and an average price target of $148.54.

lululemon athletica 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.

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