lululemon athletica inc. $LULU Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 41.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,483 shares of the apparel retailer's stock after purchasing an additional 47,307 shares during the quarter. Assenagon Asset Management S.A. owned about 0.14% of lululemon athletica worth $15,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevated Private Wealth LLC lifted its stake in lululemon athletica by 39.5% in the third quarter. Elevated Private Wealth LLC now owns 12,299 shares of the apparel retailer's stock valued at $1,183,000 after buying an additional 3,482 shares during the last quarter. Chiron Capital Management LLC boosted its holdings in shares of lululemon athletica by 51.0% during the third quarter. Chiron Capital Management LLC now owns 8,287 shares of the apparel retailer's stock valued at $797,000 after acquiring an additional 2,800 shares during the period. Nvwm LLC increased its stake in shares of lululemon athletica by 1,904.8% in the third quarter. Nvwm LLC now owns 421 shares of the apparel retailer's stock valued at $40,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC raised its holdings in shares of lululemon athletica by 2,556.2% during the third quarter. Fortitude Family Office LLC now owns 425 shares of the apparel retailer's stock valued at $41,000 after buying an additional 409 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in lululemon athletica in the 3rd quarter valued at approximately $289,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LULU has been the topic of several recent analyst reports. Morgan Stanley cut their target price on lululemon athletica from $93.00 to $83.00 and set an "underweight" rating on the stock in a research note on Friday, September 4th. Robert W. Baird decreased their price objective on shares of lululemon athletica from $140.00 to $115.00 and set a "neutral" rating for the company in a report on Friday, September 4th. Piper Sandler decreased their price objective on shares of lululemon athletica from $110.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, September 4th. BTIG Research reiterated a "neutral" rating on shares of lululemon athletica in a research note on Friday, September 4th. Finally, Bank of America dropped their target price on lululemon athletica from $140.00 to $122.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, lululemon athletica presently has an average rating of "Reduce" and an average target price of $106.64.

lululemon athletica Price Performance

Shares of LULU opened at $97.76 on Tuesday. The company has a 50-day moving average of $105.58 and a two-hundred day moving average of $120.67. lululemon athletica inc. has a one year low of $90.38 and a one year high of $225.98. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 2.31 and a beta of 0.92.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $1.13. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.10 earnings per share. 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. Analysts anticipate that lululemon athletica inc. will post 9.55 earnings per share for the current year.

lululemon athletica Profile

lululemon athletica inc. is a Vancouver, British Columbia-based designer, distributor and retailer of technical athletic apparel, footwear and accessories. The company serves consumers seeking products for yoga, running, training, fitness and other active lifestyles.

Its product portfolio includes women's and men's apparel, sports bras, leggings, tops, shorts, outerwear, footwear, bags and related accessories. lululemon sells its products through company-operated stores, e-commerce platforms and selected other channels, while also offering community-based fitness and wellness experiences connected to its brand.

Founded in 1998 by Chip Wilson, lululemon has expanded from its roots in yoga apparel into an international athletic and lifestyle brand.

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