Riverbend Wealth Management LLC Acquires New Holdings in lululemon athletica inc. $LULU

Riverbend Wealth Management LLC bought a new position in lululemon athletica inc. (NASDAQ:LULU) in the second quarter, HoldingsChannel.com reports. The fund bought 1,409 shares of the apparel retailer’s stock, valued at approximately $335,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in lululemon athletica by 151.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock valued at $218,052,000 after acquiring an additional 464,186 shares during the period. Nuveen LLC bought a new stake in shares of lululemon athletica during the 1st quarter valued at about $123,894,000. Alliancebernstein L.P. grew 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 during the period. Price T Rowe Associates Inc. MD increased its position in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of lululemon athletica by 16.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer’s stock worth $319,463,000 after purchasing an additional 160,897 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the subject of several recent research reports. William Blair lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. dropped their price target on shares of lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Morgan Stanley cut their price objective on shares of 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. Dbs Bank reduced their price objective on lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. Finally, Telsey Advisory Group downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $360.00 to $200.00 in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $231.26.

lululemon athletica Stock Performance

LULU opened at $164.62 on Friday. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 10.45 and a beta of 1.07. The firm’s fifty day moving average is $182.11 and its 200 day moving average is $232.60. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly 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. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.15 EPS. 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, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Transactions at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the sale, the insider 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. Company insiders own 0.54% of the company’s stock.

lululemon athletica Company Profile

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.