Harber Asset Management LLC Invests $1.19 Million in lululemon athletica inc. $LULU

Harber Asset Management LLC acquired a new position in shares of lululemon athletica inc. (NASDAQ:LULU) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,450 shares of the apparel retailer’s stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swiss Life Asset Management Ltd raised its position in lululemon athletica by 53.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock valued at $14,150,000 after purchasing an additional 23,623 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of lululemon athletica by 46.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock worth $5,319,000 after buying an additional 8,134 shares during the period. Rayburn West Financial Services LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth $3,536,000. Gateway Investment Advisers LLC grew its stake in shares of lululemon athletica by 60.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 45,062 shares of the apparel retailer’s stock valued at $9,364,000 after buying an additional 16,901 shares in the last quarter. Finally, MUFG Securities EMEA plc raised its holdings in shares of lululemon athletica by 9,695.1% in the 4th quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer’s stock valued at $42,481,000 after buying an additional 202,337 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Charles V. Bergh bought 4,275 shares of lululemon athletica stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director directly owned 10,365 shares in the company, valued at $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LULU shares. Citigroup decreased their target price on lululemon athletica from $185.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Stifel Nicolaus cut their price target on shares of lululemon athletica from $176.00 to $134.00 and set a “hold” rating on the stock in a research note on Friday, June 5th. Piper Sandler reduced their price target on shares of lululemon athletica from $130.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company lowered their price objective on shares of lululemon athletica from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein dropped their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of “Reduce” and an average target price of $148.54.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $121.07 on Friday. The stock’s 50-day moving average is $117.42 and its two-hundred day moving average is $140.39. lululemon athletica inc. has a 1-year low of $104.44 and a 1-year high of $225.98. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.79 and a beta of 0.86.

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

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.