Cibc World Market Inc. Makes New $40.65 Million Investment in lululemon athletica inc. $LULU

Cibc World Market Inc. purchased a new position in lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, Holdings Channel reports. The firm purchased 355,981 shares of the apparel retailer’s stock, valued at approximately $40,646,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LULU. NorthRock Partners LLC boosted its position in shares of lululemon athletica by 4.2% during the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock valued at $276,000 after buying an additional 62 shares during the last quarter. Murphy & Mullick Capital Management Corp raised its position in lululemon athletica by 4.3% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock worth $242,000 after buying an additional 65 shares during the last quarter. IHT Wealth Management LLC lifted its stake in lululemon athletica by 1.7% during the 2nd quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after acquiring an additional 73 shares during the period. GW&K Investment Management LLC lifted its stake in lululemon athletica by 70.3% during the 4th quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 78 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of lululemon athletica by 43.6% during the 4th quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 85 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LULU shares. Jefferies Financial Group reduced their price target on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, June 5th. Truist Financial downgraded shares of lululemon athletica from a “hold” rating to a “sell” rating and lowered their price objective for the company from $115.00 to $94.00 in a research report on Thursday, July 16th. Freedom Capital upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Sanford C. Bernstein cut their target price on shares of 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. Finally, UBS Group decreased their target price on shares of lululemon athletica from $153.00 to $124.00 and set a “neutral” rating for the company in a research note on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, lululemon athletica currently has a consensus rating of “Reduce” and an average price target of $148.54.

Insider Activity

In related news, Director Charles V. Bergh acquired 4,275 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the purchase, the director owned 10,365 shares in the company, valued at $1,213,223.25. The trade was a 70.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

lululemon athletica Price Performance

NASDAQ:LULU opened at $121.07 on Monday. lululemon athletica inc. has a one year low of $104.44 and a one year high of $225.98. The business has a fifty day moving average price of $117.42 and a 200-day moving average price of $140.11. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.97 and a beta of 0.86.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.02. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the business earned $2.60 earnings per share. lululemon athletica’s quarterly revenue was up 4.3% compared to the same quarter last year. 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. On average, equities research analysts expect that lululemon athletica inc. will post 10.93 earnings per share for the current fiscal year.

lululemon athletica 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.