Marex Group plc Purchases Shares of 18,465 lululemon athletica inc. $LULU

Marex Group plc acquired a new position in lululemon athletica inc. (NASDAQ:LULU) during the second quarter, according to its most recent filing with the SEC. The firm acquired 18,465 shares of the apparel retailer’s stock, valued at approximately $4,387,000.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in lululemon athletica in the second quarter worth $217,344,000. T. Rowe Price Investment Management Inc. lifted its position in shares of lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after purchasing an additional 464,186 shares during the period. Geode Capital Management LLC lifted its position in shares of lululemon athletica by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after purchasing an additional 413,062 shares during the period. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of lululemon athletica by 23.3% during the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after buying an additional 322,816 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the company’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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Dbs Bank lowered their price objective on shares of lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. BTIG Research reissued a “buy” rating and issued a $303.00 target price on shares of lululemon athletica in a research report on Friday. Telsey Advisory Group lifted their price target on lululemon athletica from $200.00 to $215.00 and gave the company a “market perform” rating in a research report on Monday, December 8th. Wells Fargo & Company increased their price objective on lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Morgan Stanley lowered their price objective on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-one have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $227.95.

lululemon athletica Trading Up 9.6%

Shares of NASDAQ:LULU opened at $204.97 on Friday. The stock has a fifty day simple moving average of $174.48 and a two-hundred day simple moving average of $201.93. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 12.81 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a return on equity of 40.17% and a net margin of 15.72%.The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

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.