Fred Alger Management LLC Makes New Investment in lululemon athletica inc. $LULU

Fred Alger Management LLC purchased a new position in shares of lululemon athletica inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 117,823 shares of the apparel retailer’s stock, valued at approximately $24,485,000.

A number of other large investors have also recently bought and sold shares of the company. ExodusPoint Capital Management LP acquired a new position in lululemon athletica during the 4th quarter worth approximately $8,176,000. Gladstone Capital Management LLP acquired a new position in lululemon athletica during the 4th quarter worth approximately $686,000. Aster Capital Management DIFC Ltd acquired a new position in lululemon athletica during the 4th quarter worth approximately $136,000. Alberta Investment Management Corp acquired a new position in lululemon athletica during the 4th quarter worth approximately $7,502,000. Finally, University of Texas Texas AM Investment Management Co. boosted its position in lululemon athletica by 343.2% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 359 shares of the apparel retailer’s stock worth $75,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total value of $100,142.00. Following the completion of the sale, the insider directly owned 19,156 shares of the company’s stock, valued at $3,084,116. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles V. Bergh bought 4,275 shares of lululemon athletica stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the purchase, the director directly owned 10,365 shares in the company, valued at $1,213,223.25. This trade represents a 70.20% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 13,640 shares of company stock valued at $1,994,957. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Jefferies Financial Group reduced their price target on lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, June 5th. Bank of America reduced their price target on lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. BNP Paribas Exane downgraded lululemon athletica from a “neutral” rating to an “underperform” rating and set a $88.00 price target for the company. in a research report on Friday, June 5th. Wells Fargo & Company reduced their price target on lululemon athletica from $150.00 to $110.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Finally, Sanford C. Bernstein reduced their price target on lululemon athletica from $170.00 to $145.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $152.88.

lululemon athletica Trading Down 0.6%

NASDAQ LULU opened at $115.50 on Wednesday. The company has a market cap of $13.71 billion, a PE ratio of 9.32, a PEG ratio of 3.74 and a beta of 0.87. lululemon athletica inc. has a 12 month low of $109.36 and a 12 month high of $252.24. The stock has a 50 day moving average of $136.47 and a 200-day moving average of $167.45.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data 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 company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, sell-side analysts predict that lululemon athletica inc. will post 11.14 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.