Sanders Morris Harris LLC Makes New Investment in lululemon athletica inc. $LULU

by · The Cerbat Gem

Sanders Morris Harris LLC acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,008 shares of the apparel retailer’s stock, valued at approximately $535,000.

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after purchasing an additional 162,295 shares during the period. Alliancebernstein L.P. lifted its stake in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after buying an additional 394,706 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $700,502,000 after buying an additional 413,062 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of lululemon athletica by 23.3% during the 2nd quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock worth $406,363,000 after buying an additional 322,816 shares during the period. Finally, Flossbach Von Storch SE grew its stake in lululemon athletica by 17.0% in the 2nd quarter. Flossbach Von Storch SE now owns 1,640,217 shares of the apparel retailer’s stock valued at $389,683,000 after buying an additional 238,332 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

lululemon athletica Price Performance

Shares of LULU stock opened at $207.87 on Thursday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The stock has a fifty day moving average price of $176.46 and a 200 day moving average price of $199.66. The stock has a market cap of $24.65 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 12.76 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU – Get Free Report) last announced its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the prior year, the company posted $2.53 EPS. The business’s revenue was up 7.1% on a year-over-year basis. 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. Equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of lululemon athletica from $183.00 to $206.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Bank of America increased their target price on lululemon athletica from $185.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. TD Securities dropped their price target on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective on the stock. in a research note on Thursday, October 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $227.15.

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lululemon athletica Profile

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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.

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