Stratos Investment Management LLC Takes Position in lululemon athletica inc. $LULU

Key Points

• Stratos Investment Management LLC has acquired a new position in lululemon athletica, purchasing 16,046 shares valued at approximately $3.81 million in the second quarter.
• Multiple other institutional investors have also recently adjusted their positions in lululemon, leading to 85.20% of the company's stock being owned by institutional investors and hedge funds.
• Despite reporting $3.10 EPS for the quarter, exceeding estimates, lululemon's stock has seen target price reductions from several analysts, leading to an average rating of "Hold".

Stratos Investment Management LLC bought a new position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,046 shares of the apparel retailer's stock, valued at approximately $3,812,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in lululemon athletica during the 4th quarter worth approximately $429,000. GAMMA Investing LLC raised its stake in shares of lululemon athletica by 31.3% during the first quarter. GAMMA Investing LLC now owns 1,989 shares of the apparel retailer's stock worth $563,000 after purchasing an additional 474 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of lululemon athletica by 22.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,953 shares of the apparel retailer's stock worth $2,817,000 after purchasing an additional 1,855 shares during the period. Exchange Traded Concepts LLC grew its position in lululemon athletica by 300.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the apparel retailer's stock valued at $1,092,000 after buying an additional 2,895 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in lululemon athletica in the 1st quarter valued at $805,000. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $164.62 on Friday. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 10.45 and a beta of 1.07. The business's 50 day simple moving average is $182.11 and its 200-day simple moving average is $232.60. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.24. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, equities analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird restated a "neutral" rating and issued a $195.00 target price (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. Citigroup reduced their price objective on shares of lululemon athletica from $220.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Oppenheimer reaffirmed a "market perform" rating and issued a $500.00 price objective on shares of lululemon athletica in a report on Friday, September 5th. Barclays cut their target price on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, September 5th. Finally, Sanford C. Bernstein cut lululemon athletica from an "outperform" rating to a "market perform" rating and set a $190.00 price target for the company. in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $231.26.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the business's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider directly owned 8,993 shares in the company, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

About lululemon athletica

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.