Employees Retirement System of Texas Invests $216,000 in lululemon athletica inc. $LULU

Employees Retirement System of Texas acquired a new position in lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 908 shares of the apparel retailer’s stock, valued at approximately $216,000.

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

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica Trading Up 2.5%

Shares of LULU opened at $181.94 on Friday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $423.32. The company has a market cap of $21.58 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. The stock has a 50-day moving average price of $172.12 and a 200-day moving average price of $212.70.

lululemon athletica (NASDAQ:LULU) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $3.15 earnings per share. lululemon athletica’s quarterly revenue was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $205.00 price target (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of lululemon athletica in a report on Wednesday, October 8th. Robert W. Baird restated a “neutral” rating and issued a $195.00 target price (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. BNP Paribas raised lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Morgan Stanley lowered their price target on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 30th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica has an average rating of “Hold” and an average target price of $227.68.

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.