lululemon athletica inc. $LULU Shares Bought by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners Inc significantly increased its stake in lululemon athletica by 100.1% during the second quarter, holding 6,002 shares worth approximately $1,426,000.
• Several analysts have recently adjusted their ratings on lululemon athletica, with Truist Financial downgrading their rating from "buy" to "hold" and setting a target price of $170.00, while BTIG Research maintained a "buy" rating with a target price of $303.00.
• Lululemon reported $3.10 EPS for its recent quarter, exceeding analysts' expectations, though its revenue of $2.53 billion fell slightly short of projections.

K.J. Harrison & Partners Inc increased its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 100.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,002 shares of the apparel retailer's stock after purchasing an additional 3,002 shares during the period. K.J. Harrison & Partners Inc's holdings in lululemon athletica were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Westside Investment Management Inc. boosted its stake in lululemon athletica by 15.4% in the 2nd quarter. Westside Investment Management Inc. now owns 420 shares of the apparel retailer's stock worth $100,000 after purchasing an additional 56 shares in the last quarter. Intellectus Partners LLC boosted its stake in lululemon athletica by 79.9% in the 2nd quarter. Intellectus Partners LLC now owns 7,323 shares of the apparel retailer's stock worth $1,740,000 after purchasing an additional 3,253 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in lululemon athletica by 2.6% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,736 shares of the apparel retailer's stock worth $3,501,000 after purchasing an additional 369 shares in the last quarter. South Dakota Investment Council acquired a new stake in lululemon athletica in the 2nd quarter worth approximately $456,000. Finally, State of Michigan Retirement System boosted its stake in lululemon athletica by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 36,708 shares of the apparel retailer's stock worth $8,721,000 after purchasing an additional 200 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on LULU shares. Truist Financial cut shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 target price for the company. in a research note on Friday, September 5th. BTIG Research restated a "buy" rating and set a $303.00 price objective on shares of lululemon athletica in a research note on Friday, October 17th. Weiss Ratings restated a "sell (d+)" rating on shares of lululemon athletica in a research note on Wednesday, October 8th. KeyCorp cut shares of lululemon athletica from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, September 9th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $195.00 price objective (down previously from $225.00) on shares of lululemon athletica in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $228.42.

lululemon athletica Trading Up 1.5%

Shares of LULU opened at $170.54 on Monday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The firm has a market capitalization of $20.22 billion, a P/E ratio of 11.59, a P/E/G ratio of 10.64 and a beta of 1.07. The firm has a 50-day moving average price of $177.29 and a 200 day moving average price of $225.22.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released 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. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the prior year, the firm posted $3.15 earnings per share. The firm's quarterly revenue was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

About lululemon athletica

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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