OVERSEA CHINESE BANKING Corp Ltd Takes Position in lululemon athletica inc. $LULU

Key Points

• Oversea-Chinese Banking Corp. acquired 15,775 Lululemon shares during the second quarter, worth approximately $1.86 million. Institutional investors and hedge funds collectively own 85.2% of LULU.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with 24 holds and six sells, while several firms recently cut price targets. The consensus target is $148.54.
• LULU opened at $115.69, down 3.1%, after falling sharply from its 12-month high of $225.98. In its latest quarter, Lululemon modestly beat earnings and revenue estimates, reporting $1.69 in EPS and $2.47 billion in revenue.

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 15,775 shares of the apparel retailer's stock, valued at approximately $1,855,000.

A number of other institutional investors have also added to or reduced their stakes in LULU. Brighton Jones LLC bought a new stake in shares of lululemon athletica during the fourth quarter worth $429,000. NewEdge Advisors LLC lifted its stake in shares of lululemon athletica by 5.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer's stock valued at $1,089,000 after acquiring an additional 186 shares during the last quarter. Glenview Trust co boosted its holdings in shares of lululemon athletica by 39.9% during the 2nd quarter. Glenview Trust co now owns 996 shares of the apparel retailer's stock valued at $237,000 after acquiring an additional 284 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of lululemon athletica during the 2nd quarter valued at $508,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of lululemon athletica by 10.7% during the 2nd quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer's stock valued at $26,759,000 after acquiring an additional 10,891 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh acquired 4,275 shares of the company's stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $117.05 per share, with a total value of $500,388.75. Following the purchase, the director directly owned 10,365 shares of the company's stock, valued at $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group lowered their target price on lululemon athletica from $175.00 to $122.00 and set a "market perform" rating for the company in a report on Friday, June 5th. Needham & Company LLC reissued a "hold" rating on shares of lululemon athletica in a research note on Friday, June 5th. Rothschild & Co Redburn reduced their price target on lululemon athletica from $160.00 to $110.00 and set a "sell" rating on the stock in a report on Tuesday, June 16th. Bank of America lowered their price objective on lululemon athletica from $175.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Finally, BTIG Research lowered shares of lululemon athletica from a "buy" rating to a "neutral" rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-four have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $148.54.

lululemon athletica Stock Down 3.1%

LULU opened at $115.69 on Friday. lululemon athletica inc. has a twelve month low of $104.44 and a twelve month high of $225.98. The company has a fifty day moving average of $117.37 and a 200-day moving average of $140.52. The stock has a market cap of $13.73 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 3.92 and a beta of 0.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. lululemon athletica's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm 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. Sell-side analysts anticipate that lululemon athletica inc. will post 10.93 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source