MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 3,535 Shares of lululemon athletica inc. $LULU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in lululemon athletica by 3.5%, owning a total of 104,504 shares after acquiring 3,535 additional shares in the first quarter.
• Several institutional investors have also boosted their investments in lululemon, with GAMMA Investing LLC increasing its holdings by 37,062.1%, now owning 563,006 shares.
• Wall Street analysts have mixed ratings for lululemon, with an average price target of $245.79 and a consensus rating of "Hold".

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,504 shares of the apparel retailer's stock after acquiring an additional 3,535 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of lululemon athletica worth $29,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new stake in shares of lululemon athletica in the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of lululemon athletica in the first quarter valued at approximately $31,000. Garde Capital Inc. acquired a new stake in shares of lululemon athletica in the first quarter valued at approximately $35,000. Finally, CENTRAL TRUST Co raised its holdings in shares of lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on LULU. BMO Capital Markets lowered their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. Piper Sandler dropped their price objective on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley dropped their price objective on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 26th. The Goldman Sachs Group dropped their price objective on lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Truist Financial cut lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price objective on the stock. in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $245.79.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

lululemon athletica Stock Down 18.6%

Shares of LULU stock traded down $38.29 during trading on Friday, reaching $167.80. 36,729,936 shares of the company's stock were exchanged, compared to its average volume of 5,640,420. The stock has a market capitalization of $20.11 billion, a PE ratio of 11.41, a PEG ratio of 1.60 and a beta of 1.12. lululemon athletica inc. has a twelve month low of $163.98 and a twelve month high of $423.32. The firm's fifty day moving average price is $212.64 and its 200-day moving average price is $265.38.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued 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 analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $3.15 EPS. The company's revenue for the quarter 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. As a group, analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

lululemon athletica Company 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.