Elevation Point Wealth Partners LLC Increases Stock Position in lululemon athletica inc. $LULU

Elevation Point Wealth Partners LLC increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 29.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,034 shares of the apparel retailer’s stock after purchasing an additional 914 shares during the period. Elevation Point Wealth Partners LLC’s holdings in lululemon athletica were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sandler Capital Management purchased a new stake in lululemon athletica during the 1st quarter worth about $484,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of lululemon athletica in the 2nd quarter valued at approximately $17,747,000. K.J. Harrison & Partners Inc raised its holdings in shares of lululemon athletica by 100.1% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after purchasing an additional 3,002 shares in the last quarter. WealthPlan Investment Management LLC increased its holdings in lululemon athletica by 26.9% in the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer’s stock valued at $2,165,000 after buying an additional 1,622 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in lululemon athletica by 5.9% during the 1st quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer’s stock worth $211,704,000 after buying an additional 41,936 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Trading Up 2.5%

NASDAQ:LULU opened at $181.94 on Friday. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 10.64 and a beta of 1.07. The firm’s fifty day simple moving average is $172.12 and its 200 day simple moving average is $212.70. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $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 predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of a number of research analyst reports. BNP Paribas Exane raised lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price target for the company in a report on Monday, October 20th. HSBC downgraded 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 report on Thursday, September 11th. Dbs Bank reduced their price target on shares of lululemon athletica from $165.00 to $134.00 in a research report on Friday, September 19th. Sanford C. Bernstein cut lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 target price for the company. in a research report on Thursday, October 16th. Finally, Zacks Research raised lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of “Hold” and an average target price of $227.68.

Insider Buying and Selling at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica 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. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

lululemon athletica 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.