lululemon athletica inc. $LULU Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in lululemon athletica by 12.4% during Q2, owning approximately 120,932 shares worth $28.7 million.
• lululemon reported $3.10 EPS for the recent quarter, surpassing estimates, although revenue of $2.53 billion was slightly below the consensus.
• Analysts have lowered price targets on lululemon's stock, with the average target now at $231.26 and a consensus rating of "Hold."

TD Asset Management Inc increased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,932 shares of the apparel retailer's stock after acquiring an additional 13,341 shares during the quarter. TD Asset Management Inc owned approximately 0.10% of lululemon athletica worth $28,731,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LULU. Manhattan West Asset Management LLC raised its stake in lululemon athletica by 5.4% during the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock valued at $205,000 after buying an additional 37 shares in the last quarter. Horizon Investments LLC raised its position in shares of lululemon athletica by 2.4% during the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock valued at $456,000 after acquiring an additional 38 shares in the last quarter. GM Advisory Group LLC raised its position in shares of lululemon athletica by 2.0% during the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock valued at $564,000 after acquiring an additional 40 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of lululemon athletica by 4.6% during the first quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer's stock worth $269,000 after purchasing an additional 42 shares during the period. Finally, Optimize Financial Inc raised its position in shares of lululemon athletica by 2.3% during the 1st quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer's stock worth $578,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Performance

LULU opened at $164.62 on Friday. The stock has a 50-day moving average of $182.11 and a 200-day moving average of $232.60. The company has a market cap of $19.52 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 10.45 and a beta of 1.07. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

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

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider 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 SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Robert W. Baird reiterated a "neutral" rating and set a $195.00 price target (down from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. William Blair cut shares of lululemon athletica from an "outperform" rating to a "market perform" rating in a research note on Friday, September 5th. Sanford C. Bernstein cut lululemon athletica from an "outperform" rating to a "market perform" rating and set a $190.00 price target on the stock. in a research note on Thursday. Finally, Zacks Research cut shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $231.26.

lululemon athletica 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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