Oppenheimer Asset Management Inc. Has $3.11 Million Holdings in lululemon athletica inc. $LULU

Oppenheimer Asset Management Inc. grew its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 61.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,460 shares of the apparel retailer’s stock after buying an additional 6,636 shares during the period. Oppenheimer Asset Management Inc.’s holdings in lululemon athletica were worth $3,107,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares in the last quarter. Flossbach Von Storch SE increased its position in shares of lululemon athletica by 17.7% during the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after purchasing an additional 290,614 shares in the last quarter. Invesco Ltd. lifted its holdings in lululemon athletica by 23.3% during the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after purchasing an additional 322,816 shares during the last quarter. Mawer Investment Management Ltd. increased its position in lululemon athletica by 2.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,359,440 shares of the apparel retailer’s stock valued at $322,976,000 after acquiring an additional 36,664 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of lululemon athletica by 10.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,055,574 shares of the apparel retailer’s stock valued at $250,783,000 after purchasing an additional 98,439 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Price Performance

LULU stock opened at $175.86 on Thursday. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 11.41 and a beta of 1.01. The company has a 50 day simple moving average of $196.64 and a 200 day simple moving average of $186.15. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $400.01.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the prior year, the company earned $2.53 EPS. lululemon athletica’s revenue was up 7.1% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. On average, equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In other news, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LULU shares. Barclays lifted their price objective on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings upgraded lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft initiated coverage on lululemon athletica in a research report on Thursday, January 8th. They set a “hold” rating for the company. Finally, Daiwa Securities Group raised their target price on shares of lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica has an average rating of “Hold” and a consensus target price of $227.05.

About lululemon athletica

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.