Bastion Asset Management Inc. Takes Position in lululemon athletica inc. $LULU

Bastion Asset Management Inc. bought a new stake in lululemon athletica inc. (NASDAQ:LULU) during the fourth quarter, HoldingsChannel.com reports. The fund bought 9,721 shares of the apparel retailer’s stock, valued at approximately $2,045,000. lululemon athletica comprises 1.1% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds have also made changes to their positions in the company. Integrated Financial Solutions Inc. purchased a new position in shares of lululemon athletica in the 4th quarter valued at $26,000. GoalVest Advisory LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $31,000. Cornerstone Planning Group LLC raised its stake in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 68 shares during the period. Finally, Murphy & Mullick Capital Management Corp increased its stake in lululemon athletica by 187.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $164.20 per share, with a total value of $999,978.00. Following the acquisition, the director owned 6,090 shares of the company’s stock, valued at approximately $999,978. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total transaction of $100,142.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

lululemon athletica News Summary

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Wilson said he is still willing to be “constructive” and work toward a resolution, which leaves the door open to a deal that could reduce uncertainty for shareholders.
• Neutral Sentiment: lululemon filed definitive proxy materials and set the stage for a shareholder vote at its June 25 annual meeting, formally bringing the control battle into focus for investors.
• Negative Sentiment: The company publicly pushed back against Wilson, calling his views “outdated” and “misguided,” while warning that his nominees and proposals could undermine its turnaround strategy.
• Negative Sentiment: Reports say settlement talks collapsed after disagreements over board seats and campaign reimbursement, suggesting the proxy fight may stay contentious for weeks.
• Negative Sentiment: Several articles also frame lululemon’s business as facing softer trends and a challenged valuation, reinforcing concerns that the stock’s weakness is not just about governance.

lululemon athletica Price Performance

Shares of LULU stock opened at $119.22 on Wednesday. The firm has a market cap of $14.39 billion, a P/E ratio of 8.96, a P/E/G ratio of 3.70 and a beta of 0.90. lululemon athletica inc. has a 1-year low of $118.06 and a 1-year high of $340.25. The firm has a fifty day moving average of $150.41 and a two-hundred day moving average of $173.71.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.23. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business earned $6.14 EPS. On average, sell-side analysts expect that lululemon athletica inc. will post 12.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LULU shares. Jefferies Financial Group dropped their price target on shares of lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Bank of America dropped their price target on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Citigroup dropped their price target on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Stifel Nicolaus dropped their price target on shares of lululemon athletica from $210.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Finally, Robert W. Baird dropped their price target on shares of lululemon athletica from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $203.80.

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.