4,231 Shares in lululemon athletica inc. $LULU Acquired by Tobam

Tobam acquired a new stake in lululemon athletica inc. (NASDAQ:LULU) in the second quarter, HoldingsChannel reports. The firm acquired 4,231 shares of the apparel retailer’s stock, valued at approximately $1,005,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manhattan West Asset Management LLC boosted its holdings in lululemon athletica by 5.4% during the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock worth $205,000 after purchasing an additional 37 shares during the last quarter. Horizon Investments LLC grew its position in shares of lululemon athletica by 2.4% in the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock valued at $456,000 after purchasing an additional 38 shares in the last quarter. GM Advisory Group LLC boosted its stake in lululemon athletica by 2.0% during the first quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer’s stock valued at $564,000 after buying an additional 40 shares during the period. Hancock Whitney Corp grew its stake in lululemon athletica by 4.6% in the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock worth $269,000 after buying an additional 42 shares in the last quarter. Finally, Optimize Financial Inc raised its stake in shares of lululemon athletica by 2.3% during the first quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer’s stock worth $578,000 after acquiring an additional 45 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

lululemon athletica Trading Down 0.3%

NASDAQ:LULU opened at $169.81 on Wednesday. The company has a market cap of $20.14 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. The company has a 50 day simple moving average of $172.16 and a two-hundred day simple moving average of $220.59. lululemon athletica inc. has a 12 month low of $159.25 and a 12 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 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business earned $3.15 earnings per share. lululemon athletica’s revenue for the quarter was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LULU shares. TD Securities cut their target price on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Bank of America reduced their target price on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. KeyCorp lowered shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. Oppenheimer reaffirmed a “market perform” rating and set a $500.00 target price on shares of lululemon athletica in a research note on Friday, September 5th. Finally, Telsey Advisory Group downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $360.00 to $200.00 in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock 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.