lululemon athletica inc. $LULU Holdings Boosted by Park Place Capital Corp

Park Place Capital Corp boosted its stake in lululemon athletica inc. (NASDAQ:LULU) by 22,160.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,452 shares of the apparel retailer’s stock after purchasing an additional 4,432 shares during the period. Park Place Capital Corp’s holdings in lululemon athletica were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in lululemon athletica in the 2nd quarter valued at about $217,344,000. Pacer Advisors Inc. grew its position in lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after purchasing an additional 458,322 shares during the last quarter. Geode Capital Management LLC increased 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 during the period. Invesco Ltd. raised its holdings in shares of lululemon athletica by 23.3% during the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after buying an additional 322,816 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in shares of lululemon athletica by 130,353.2% during the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock worth $68,185,000 after buying an additional 286,777 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica Price Performance

Shares of LULU opened at $210.81 on Monday. The business’s 50-day moving average is $185.67 and its 200-day moving average is $193.87. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 13.00 and a beta of 1.01. 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 earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. 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 expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at lululemon athletica

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their price target on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 30th. Rothschild & Co Redburn decreased their target price on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research report on Friday, September 12th. Robert W. Baird boosted their price target on shares of lululemon athletica from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Guggenheim began coverage on shares of lululemon athletica in a report on Wednesday, December 10th. They issued a “neutral” rating for the company. Finally, Barclays raised their price objective on shares of lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $228.19.

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.