Mirae Asset Global Investments Co. Ltd. Makes New Investment in lululemon athletica inc. $LULU

Key Points

• Mirae Asset Global Investments opened a new Lululemon position, buying 28,385 shares valued at approximately $2.73 million in the third quarter.
• Lululemon beat quarterly earnings-per-share estimates, reporting $2.92 versus $1.79 expected, but revenue of $2.42 billion missed forecasts and fell 4.3% year over year.
• Analyst sentiment is cautious: the consensus rating is “Reduce,” with a $105.26 price target; 22 analysts rate the stock Hold and seven Sell.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,385 shares of the apparel retailer's stock, valued at approximately $2,730,000.

Several other hedge funds have also made changes to their positions in the business. Gould Capital LLC purchased a new stake in shares of lululemon athletica during the first quarter valued at approximately $32,000. Cassaday & Co Wealth Management LLC acquired a new stake in lululemon athletica during the first quarter valued at approximately $38,000. Allied Private Wealth LLC acquired a new position in lululemon athletica in the second quarter worth $34,000. Ancora Advisors LLC bought a new stake in shares of lululemon athletica during the 2nd quarter valued at about $37,000. Finally, CX Institutional lifted its stake in lululemon athletica by 381.3% in the second quarter. CX Institutional now owns 361 shares of the apparel retailer's stock valued at $41,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

LULU stock traded down $0.98 during midday trading on Friday, hitting $110.79. The company's stock had a trading volume of 1,915,411 shares, compared to its average volume of 3,699,580. The company's fifty day moving average price is $102.16 and its 200 day moving average price is $132.24. lululemon athletica inc. has a twelve month low of $90.38 and a twelve month high of $225.98. The stock has a market capitalization of $12.83 billion, a P/E ratio of 9.07, a PEG ratio of 2.57 and a beta of 0.84.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $1.13. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm earned $3.10 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. 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. Equities analysts expect that lululemon athletica inc. will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler cut their price target on shares of lululemon athletica from $110.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, September 4th. BMO Capital Markets assumed coverage on shares of lululemon athletica in a report on Wednesday, September 9th. They set an "underperform" rating and a $70.00 price target for the company. JPMorgan Chase & Co. reduced their price target on lululemon athletica from $154.00 to $95.00 and set a "neutral" rating for the company in a report on Friday, September 4th. Morgan Stanley cut their target price on lululemon athletica from $93.00 to $83.00 and set an "underweight" rating on the stock in a report on Friday, September 4th. Finally, Citigroup lowered their target price on shares of lululemon athletica from $130.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $105.26.

Key Headlines Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Zacks Research upgraded LULU from “strong sell” to “hold,” a modest improvement in its rating outlook. Zacks Research rating
• Neutral Sentiment: Lululemon named Ben Hallam chief brand officer, effective November 9, and announced Emily Sunderland as chief strategy officer. The hires could reinforce brand and strategic execution, though no expected financial effects were disclosed. Leadership appointments
• Neutral Sentiment: The company unveiled its Ventscape cold-weather running vest at a trade event in China, adding a new product to its running range; sales impact is not yet known. Ventscape run vest launch
• Negative Sentiment: Several law firms publicized a pending investor class action covering purchases from March 18 to September 3, 2026. The complaint alleges Lululemon understated weakening demand before guidance reductions and a sharp stock decline; these are allegations, not established findings. The lead-plaintiff deadline is January 4, 2027. The litigation adds legal and reputational uncertainty. Investor suit details

About lululemon athletica

lululemon athletica inc. is a Vancouver, British Columbia-based designer, distributor and retailer of technical athletic apparel, footwear and accessories. The company serves consumers seeking products for yoga, running, training, fitness and other active lifestyles.

Its product portfolio includes women's and men's apparel, sports bras, leggings, tops, shorts, outerwear, footwear, bags and related accessories. lululemon sells its products through company-operated stores, e-commerce platforms and selected other channels, while also offering community-based fitness and wellness experiences connected to its brand.

Founded in 1998 by Chip Wilson, lululemon has expanded from its roots in yoga apparel into an international athletic and lifestyle brand.

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