Oppenheimer Asset Management Inc. Purchases 6,636 Shares of lululemon athletica inc. $LULU

Oppenheimer Asset Management Inc. lifted its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 61.3% during the third quarter, Holdings Channel.com reports. The firm owned 17,460 shares of the apparel retailer’s stock after purchasing an additional 6,636 shares during the period. Oppenheimer Asset Management Inc.’s holdings in lululemon athletica were worth $3,107,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Candriam S.C.A. lifted its stake in shares of lululemon athletica by 36.6% in the third quarter. Candriam S.C.A. now owns 143,898 shares of the apparel retailer’s stock valued at $25,604,000 after buying an additional 38,575 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of lululemon athletica by 5.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,882 shares of the apparel retailer’s stock worth $2,114,000 after buying an additional 651 shares during the last quarter. Renasant Bank bought a new position in shares of lululemon athletica in the third quarter valued at approximately $726,000. MMA Asset Management LLC bought a new position in shares of lululemon athletica in the third quarter valued at approximately $36,000. Finally, Flagship Harbor Advisors LLC increased its position in shares of lululemon athletica by 69.3% during the third quarter. Flagship Harbor Advisors LLC now owns 1,715 shares of the apparel retailer’s stock valued at $305,000 after acquiring an additional 702 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Trading Down 2.6%

LULU opened at $175.86 on Thursday. The company has a market cap of $20.63 billion, a P/E ratio of 12.19, a P/E/G ratio of 11.41 and a beta of 1.01. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $400.01. The business’s 50-day moving average price is $196.64 and its 200-day moving average price is $186.15.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.37. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. Equities research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the transaction, the insider owned 5,318 shares in the company, valued at $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LULU has been the subject of a number of research reports. Guggenheim assumed coverage on shares of lululemon athletica in a research report on Wednesday, December 10th. They set a “neutral” rating for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $210.00 target price on shares of lululemon athletica in a research note on Tuesday, December 30th. Jefferies Financial Group cut their price objective on shares of lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a report on Friday, January 30th. Wells Fargo & Company upped their price target on lululemon athletica from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $215.00 price objective on shares of lululemon athletica in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, lululemon athletica presently has an average rating of “Hold” and an average price target of $227.05.

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.