L2 Asset Management LLC Takes Position in lululemon athletica inc. $LULU

L2 Asset Management LLC acquired a new position in lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,012 shares of the apparel retailer’s stock, valued at approximately $801,000.

A number of other institutional investors also recently bought and sold shares of LULU. Uniplan Investment Counsel Inc. bought a new stake in lululemon athletica during the fourth quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in shares of lululemon athletica in the fourth quarter worth about $31,000. Rexford Capital Inc. bought a new position in shares of lululemon athletica in the first quarter worth about $31,000. DV Equities LLC purchased a new position in shares of lululemon athletica during the 4th quarter valued at about $31,000. Finally, Gould Capital LLC purchased a new position in shares of lululemon athletica during the 1st quarter valued at about $32,000. 85.20% of the stock is owned by institutional investors.

lululemon athletica Price Performance

lululemon athletica stock opened at $122.78 on Tuesday. The stock has a market cap of $14.57 billion, a P/E ratio of 9.91, a PEG ratio of 3.97 and a beta of 0.86. lululemon athletica inc. has a 1 year low of $104.44 and a 1 year high of $225.98. The firm’s 50 day moving average price is $117.55 and its 200-day moving average price is $139.77.

lululemon athletica (NASDAQ:LULU) last posted 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. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.44 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. lululemon athletica’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $2.60 earnings per share. 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, equities analysts expect that lululemon athletica inc. will post 10.93 EPS for the current year.

Insider Activity

In other news, Director Charles V. Bergh bought 4,275 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the transaction, the director owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. Truist Financial lowered shares of lululemon athletica from a “hold” rating to a “sell” rating and reduced their target price for the stock from $115.00 to $94.00 in a report on Thursday, July 16th. Telsey Advisory Group lowered their price target on shares of lululemon athletica from $175.00 to $122.00 and set a “market perform” rating on the stock in a report on Friday, June 5th. Bank of America dropped their price target on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Barclays reduced their price objective on shares of lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Finally, Sanford C. Bernstein decreased their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating on the stock 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-five have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Reduce” and an average target price of $148.54.

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.