AlphaQuest LLC Acquires 1,206 Shares of lululemon athletica inc. $LULU

AlphaQuest LLC lifted its position in lululemon athletica inc. (NASDAQ:LULU) by 111.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,288 shares of the apparel retailer’s stock after acquiring an additional 1,206 shares during the quarter. AlphaQuest LLC’s holdings in lululemon athletica were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LULU. Brighton Jones LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth about $429,000. GAMMA Investing LLC increased its position in lululemon athletica by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 1,989 shares of the apparel retailer’s stock valued at $563,000 after purchasing an additional 474 shares during the period. Golden State Wealth Management LLC grew its position in shares of lululemon athletica by 115.1% in the 1st quarter. Golden State Wealth Management LLC now owns 200 shares of the apparel retailer’s stock worth $57,000 after buying an additional 107 shares during the last quarter. Perigon Wealth Management LLC grew its position in shares of lululemon athletica by 43.5% in the 1st quarter. Perigon Wealth Management LLC now owns 805 shares of the apparel retailer’s stock worth $228,000 after buying an additional 244 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of lululemon athletica by 2.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,388 shares of the apparel retailer’s stock worth $676,000 after buying an additional 48 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Down 0.8%

lululemon athletica stock opened at $179.98 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 capitalization of $21.34 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 11.34 and a beta of 1.07. The company has a fifty day simple moving average of $179.19 and a 200-day simple moving average of $227.26.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $3.15 earnings per share. The company’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. On average, research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the company’s 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 completion of the sale, the insider owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LULU. Oppenheimer reaffirmed a “market perform” rating and issued a $500.00 price objective on shares of lululemon athletica in a research report on Friday, September 5th. Bank of America cut their price objective 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. Stifel Nicolaus reissued a “hold” rating and set a $205.00 target price (down previously from $324.00) on shares of lululemon athletica in a research report on Friday, September 5th. Hsbc Global Res cut shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Evercore ISI restated an “in-line” rating and set a $180.00 price objective (down from $265.00) on shares of lululemon athletica in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and a consensus target price 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.