lululemon athletica inc. $LULU Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its lululemon position by 37.1% in the second quarter, bringing its holdings to 66,957 shares valued at approximately $7.6 million. Institutional investors collectively own 85.2% of the company.
• Analyst sentiment remains cautious, with the stock carrying an average “Reduce” rating and a consensus price target of $106.86. Recent ratings included “Underweight,” “Sell,” and “Hold,” with several analysts cutting their price targets.
• Lululemon reported quarterly earnings of $2.92 per share, exceeding estimates of $1.79, while revenue of $2.42 billion fell short of expectations and declined 4.3% year over year. Shares opened at $94.46, near their 12-month low of $93.41.

Envestnet Asset Management Inc. grew its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 37.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,957 shares of the apparel retailer's stock after purchasing an additional 18,123 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of lululemon athletica worth $7,645,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Wellington Altus USA Inc. boosted its holdings in shares of lululemon athletica by 770.6% in the second quarter. Wellington Altus USA Inc. now owns 949 shares of the apparel retailer's stock valued at $108,000 after acquiring an additional 840 shares in the last quarter. Tidal Investments LLC raised its holdings in lululemon athletica by 32.5% during the second quarter. Tidal Investments LLC now owns 43,678 shares of the apparel retailer's stock worth $4,987,000 after purchasing an additional 10,725 shares in the last quarter. Baird Financial Group Inc. lifted its position in lululemon athletica by 7.4% in the second quarter. Baird Financial Group Inc. now owns 413,412 shares of the apparel retailer's stock worth $47,203,000 after purchasing an additional 28,643 shares during the period. Beacon Investment Advisory Services Inc. boosted its stake in lululemon athletica by 14.1% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 5,214 shares of the apparel retailer's stock valued at $595,000 after purchasing an additional 645 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of lululemon athletica during the 2nd quarter valued at $5,956,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Guggenheim restated a "neutral" rating on shares of lululemon athletica in a report on Friday, September 4th. Morgan Stanley reduced their price objective on shares of lululemon athletica from $93.00 to $83.00 and set an "underweight" rating for the company in a research report on Friday, September 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of lululemon athletica in a research note on Friday, September 4th. Truist Financial restated a "sell" rating and issued a $82.00 price target (down from $94.00) on shares of lululemon athletica in a research report on Friday, September 4th. Finally, Daiwa Securities Group reduced their target price on lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $106.86.

lululemon athletica Stock Performance

LULU opened at $94.46 on Friday. lululemon athletica inc. has a twelve month low of $93.41 and a twelve month high of $225.98. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 2.28 and a beta of 0.92. The firm's 50-day simple moving average is $111.66 and its 200-day simple moving average is $125.77.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate 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 net margin of 12.78% and a return on equity of 27.69%. The company's revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, sell-side analysts anticipate that lululemon athletica inc. will post 9.55 EPS for the current fiscal year.

lululemon athletica Profile

lululemon athletica inc. is a Canada-based athletic apparel, footwear and accessories company known for products designed for yoga, running, training, tennis and other active pursuits. Its offerings include leggings, shorts, tops, jackets, sports bras, footwear, bags and related accessories for women and men.

Founded in Vancouver, British Columbia, in 1998, lululemon began as a yoga-focused apparel retailer and has expanded into a broader global athletic and lifestyle brand. The company sells products through its own retail stores, e-commerce platforms and selected wholesale channels.

lululemon serves customers across North America, Asia-Pacific, Europe and other international markets.

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