Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Position in lululemon athletica inc. $LULU

Key Points

• Mitsubishi UFJ Asset Management acquired 252,371 lululemon shares worth approximately $28.8 million, giving it a 0.21% stake. Institutional investors collectively own 85.2% of the company.
• Lululemon reported quarterly EPS of $1.69 and revenue of $2.47 billion, slightly exceeding analyst estimates, though revenue growth slowed to 4.3% year over year. Shares opened at $115.69, near the lower end of their 12-month range.
• Analysts broadly turned more cautious, cutting price targets and assigning the stock an average rating of “Reduce” with a consensus target of $148.54. Director Charles V. Bergh separately bought 4,275 shares for about $500,000.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 252,371 shares of the apparel retailer's stock, valued at approximately $28,816,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of lululemon athletica as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Swiss Life Asset Management Ltd lifted its stake in lululemon athletica by 53.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer's stock worth $14,150,000 after acquiring an additional 23,623 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in lululemon athletica by 46.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer's stock valued at $5,319,000 after acquiring an additional 8,134 shares during the period. Rayburn West Financial Services LLC acquired a new stake in lululemon athletica during the fourth quarter worth about $3,536,000. Gateway Investment Advisers LLC increased its holdings in lululemon athletica by 60.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 45,062 shares of the apparel retailer's stock valued at $9,364,000 after buying an additional 16,901 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its holdings in lululemon athletica by 9,695.1% during the fourth quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer's stock valued at $42,481,000 after purchasing an additional 202,337 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Price Performance

Shares of LULU opened at $115.69 on Friday. The stock has a fifty day moving average price of $117.37 and a 200 day moving average price of $140.52. lululemon athletica inc. has a 12 month low of $104.44 and a 12 month high of $225.98. The company has a market cap of $13.73 billion, a P/E ratio of 9.34, a PEG ratio of 3.92 and a beta of 0.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $2.60 earnings per share. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. As a group, research analysts anticipate that lululemon athletica inc. will post 10.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler decreased their price objective on lululemon athletica from $130.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. Robert W. Baird reduced their price objective on shares of lululemon athletica from $170.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, June 5th. The Goldman Sachs Group reduced their target price on shares of lululemon athletica from $177.00 to $122.00 and set a "neutral" rating for the company in a report on Friday, June 5th. Sanford C. Bernstein decreased their price target on lululemon athletica from $170.00 to $145.00 and set a "market perform" rating on the stock in a research note on Wednesday, June 3rd. Finally, Citigroup cut their price target on lululemon athletica from $185.00 to $130.00 and set a "neutral" rating for the company in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-four have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $148.54.

Insider Buying and Selling at lululemon athletica

In related news, Director Charles V. Bergh purchased 4,275 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $117.05 per share, with a total value of $500,388.75. Following the purchase, the director owned 10,365 shares of the company's stock, valued at $1,213,223.25. This trade represents a 70.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

About lululemon athletica

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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