lululemon athletica inc. $LULU Holdings Raised by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC increased its stake in lululemon athletica by 1,702.1% during the second quarter, now owning 38,745 shares valued at approximately $9.2 million.
• In its latest earnings report, lululemon athletica posted a $3.10 EPS, beating consensus estimates, although its revenue of $2.53 billion fell slightly short of forecasts.
• Analysts have mixed ratings on lululemon athletica, with HSBC downgrading it to a "hold" and setting a target price of $175.00, while the consensus rating remains "Hold" with a target price of $231.26.

Easterly Investment Partners LLC increased its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1,702.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,745 shares of the apparel retailer's stock after purchasing an additional 36,595 shares during the quarter. Easterly Investment Partners LLC's holdings in lululemon athletica were worth $9,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LULU. Applied Finance Capital Management LLC boosted its holdings in shares of lululemon athletica by 24.0% in the second quarter. Applied Finance Capital Management LLC now owns 3,510 shares of the apparel retailer's stock worth $834,000 after buying an additional 680 shares during the period. Riverbend Wealth Management LLC acquired a new stake in shares of lululemon athletica during the second quarter valued at approximately $335,000. Stratos Investment Management LLC purchased a new stake in shares of lululemon athletica in the 2nd quarter valued at approximately $3,812,000. Nordea Investment Management AB lifted its position in shares of lululemon athletica by 40.2% in the 2nd quarter. Nordea Investment Management AB now owns 12,725 shares of the apparel retailer's stock valued at $2,991,000 after acquiring an additional 3,651 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in lululemon athletica by 29.9% in the 2nd quarter. WealthPlan Investment Management LLC now owns 9,937 shares of the apparel retailer's stock worth $2,361,000 after purchasing an additional 2,290 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Price Performance

lululemon athletica stock opened at $164.62 on Friday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The company's fifty day moving average price is $182.11 and its two-hundred day moving average price is $232.60. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 10.45 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LULU shares. HSBC lowered lululemon athletica from a "buy" rating to a "hold" rating and set a $175.00 target price for the company. in a report on Thursday, September 11th. William Blair cut lululemon athletica from an "outperform" rating to a "market perform" rating in a research note on Friday, September 5th. Jefferies Financial Group decreased their price target on shares of lululemon athletica from $150.00 to $120.00 and set an "underperform" rating for the company in a report on Monday, October 6th. Hsbc Global Res lowered shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of lululemon athletica in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, lululemon athletica currently has a consensus rating of "Hold" and a consensus target price of $231.26.

lululemon athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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