Quinn Opportunity Partners LLC Grows Stock Holdings in lululemon athletica inc. $LULU

Quinn Opportunity Partners LLC increased its holdings in lululemon athletica inc. (NASDAQ:LULU) by 94.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,757 shares of the apparel retailer’s stock after purchasing an additional 12,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in lululemon athletica were worth $5,882,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the first quarter worth $25,000. Flaharty Asset Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter worth approximately $29,000. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica during the first quarter valued at $31,000. Blue Trust Inc. increased its stake in lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in lululemon athletica in the 2nd quarter valued at approximately $30,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica Stock Down 0.3%

LULU stock opened at $169.81 on Wednesday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The firm has a market cap of $20.14 billion, a P/E ratio of 11.54, a PEG ratio of 10.64 and a beta of 1.07. The company’s 50-day simple moving average is $172.16 and its 200-day simple moving average is $220.59.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping 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 return on equity of 42.05% and a net margin of 16.38%.lululemon athletica’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.15 EPS. 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, analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LULU. Piper Sandler dropped their target price on shares of lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. HSBC cut shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research note on Thursday, September 11th. Morgan Stanley decreased their target price on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. KeyCorp downgraded lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. Finally, Barclays reduced their price objective on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirty have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $228.42.

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.