lululemon athletica inc. $LULU Shares Purchased by Pacific Heights Asset Management LLC

Key Points

• Pacific Heights Asset Management increased its stake in lululemon by 44.4%, buying 20,000 shares to hold 65,000 shares valued at about $11.57 million, while institutional ownership of LULU stands at 85.20%.
• lululemon beat expectations for the quarter with $2.59 EPS vs. $2.22 expected and $2.57B revenue, set FY2025 guidance of $12.920–13.020 EPS, and saw several analysts raise price targets though the consensus rating remains a "Hold" with a $228.19 target.
• Insider Celeste Burgoyne sold 13,511 shares on December 16 at an average price of $204, cutting her position by 71.76%; company insiders now own about 0.54% of the stock.

Pacific Heights Asset Management LLC increased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 44.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the apparel retailer's stock after buying an additional 20,000 shares during the quarter. Pacific Heights Asset Management LLC owned 0.05% of lululemon athletica worth $11,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Blue Trust Inc. grew its stake in shares of lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in lululemon athletica in the 2nd quarter worth approximately $30,000. Tradewinds Capital Management LLC grew its position in lululemon athletica by 18,400.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in lululemon athletica by 464.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 116 shares during the last quarter. Finally, Cromwell Holdings LLC increased its stake in lululemon athletica by 89.9% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the apparel retailer's stock valued at $37,000 after purchasing an additional 98 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LULU. Bank of America lifted their price objective on shares of lululemon athletica from $185.00 to $220.00 and gave the stock a "neutral" rating in a research note on Friday, December 12th. Evercore ISI lifted their price target on lululemon athletica from $180.00 to $215.00 in a research report on Friday, December 12th. Citigroup boosted their price target on lululemon athletica from $190.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $215.00 price objective on shares of lululemon athletica in a report on Tuesday, January 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of lululemon athletica in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, lululemon athletica currently has a consensus rating of "Hold" and a consensus target price of $228.19.

Insider Buying and Selling at lululemon athletica

In related news, insider Celeste Burgoyne sold 13,511 shares of the business's stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares in the company, valued at $1,084,872. The trade was a 71.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Stock Performance

NASDAQ LULU opened at $201.87 on Tuesday. The firm has a market capitalization of $23.68 billion, a P/E ratio of 13.99, a PEG ratio of 12.44 and a beta of 1.01. The stock has a 50-day simple moving average of $194.17 and a two-hundred day simple moving average of $191.76. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period last year, the company earned $2.53 earnings per share. lululemon athletica's revenue for the quarter was up 7.1% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. As a group, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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