Shell Asset Management Co. Has $1.68 Million Stock Holdings in lululemon athletica inc. $LULU

Shell Asset Management Co. increased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 32.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,055 shares of the apparel retailer’s stock after buying an additional 1,722 shares during the period. Shell Asset Management Co.’s holdings in lululemon athletica were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 81 shares during the period. Flaharty Asset Management LLC acquired a new position in lululemon athletica during the first quarter worth $29,000. Zions Bancorporation National Association UT acquired a new position in lululemon athletica during the first quarter worth $31,000. Finally, Garde Capital Inc. acquired a new position in lululemon athletica during the first quarter worth $35,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Stock Performance

LULU opened at $174.82 on Thursday. The firm has a market cap of $20.73 billion, a P/E ratio of 11.88, a PEG ratio of 10.82 and a beta of 1.07. The firm has a 50-day moving average of $185.34 and a 200 day moving average of $238.92. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. The Goldman Sachs Group reduced their target price on shares of lululemon athletica from $232.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Jefferies Financial Group reduced their target price on shares of lululemon athletica from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Monday. Zacks Research lowered shares of lululemon athletica from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. Finally, Sanford C. Bernstein reduced their target price on shares of lululemon athletica from $350.00 to $220.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $232.29.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

lululemon athletica Company Profile

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.