Harber Asset Management LLC Purchases Shares of 10,450 lululemon athletica inc. $LULU

Harber Asset Management LLC purchased a new position in shares of lululemon athletica inc. (NASDAQ:LULU) in the second quarter, Holdings Channel.com reports. The firm purchased 10,450 shares of the apparel retailer’s stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Swiss Life Asset Management Ltd lifted its stake in lululemon athletica by 53.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock worth $14,150,000 after purchasing an additional 23,623 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in lululemon athletica by 46.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock worth $5,319,000 after purchasing an additional 8,134 shares in the last quarter. Rayburn West Financial Services LLC acquired a new stake in lululemon athletica during the fourth quarter worth approximately $3,536,000. Gateway Investment Advisers LLC lifted its position in shares of lululemon athletica by 60.0% during the 4th quarter. Gateway Investment Advisers LLC now owns 45,062 shares of the apparel retailer’s stock worth $9,364,000 after buying an additional 16,901 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of lululemon athletica by 9,695.1% during the 4th quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer’s stock worth $42,481,000 after buying an additional 202,337 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. BNP Paribas Exane cut shares of lululemon athletica from a “neutral” rating to an “underperform” rating and set a $88.00 target price for the company. in a report on Friday, June 5th. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Barclays decreased their price objective on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Rothschild & Co Redburn dropped their price objective on lululemon athletica from $160.00 to $110.00 and set a “sell” rating on the stock in a report on Tuesday, June 16th. Finally, The Goldman Sachs Group cut their target price on lululemon athletica from $177.00 to $122.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of “Reduce” and an average target price of $148.54.

Insider Buying and Selling

In other lululemon athletica news, Director Charles V. Bergh bought 4,275 shares of lululemon athletica stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica Trading Up 4.7%

Shares of LULU opened at $121.07 on Friday. The company’s 50 day simple moving average is $117.42 and its 200-day simple moving average is $140.39. The firm has a market cap of $14.37 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.79 and a beta of 0.86. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $225.98.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.67 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. lululemon athletica’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 EPS. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. As a group, equities research analysts forecast that lululemon athletica inc. will post 10.93 EPS for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.