Cidel Asset Management Inc. Sells 70,509 Shares of lululemon athletica inc. $LULU

Cidel Asset Management Inc. lessened its position in lululemon athletica inc. (NASDAQ:LULU) by 97.5% in the second quarter, HoldingsChannel reports. The fund owned 1,791 shares of the apparel retailer’s stock after selling 70,509 shares during the quarter. Cidel Asset Management Inc.’s holdings in lululemon athletica were worth $204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Uniplan Investment Counsel Inc. bought a new position in shares of lululemon athletica in the 4th quarter worth $26,000. Elyxium Wealth LLC bought a new stake in lululemon athletica during the 4th quarter valued at $31,000. Rexford Capital Inc. acquired a new position in lululemon athletica during the first quarter worth $31,000. DV Equities LLC acquired a new position in lululemon athletica during the fourth quarter worth $31,000. Finally, Gould Capital LLC bought a new position in shares of lululemon athletica in the first quarter valued at $32,000. Institutional investors own 85.20% of the company’s stock.

Insider Activity

In other lululemon athletica news, Director Charles Bergh bought 4,275 shares of the stock in a transaction dated 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 purchase, the director directly owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Key Stories Impacting lululemon athletica

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

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

lululemon athletica Stock Up 2.2%

LULU stock opened at $98.97 on Friday. The firm has a market cap of $11.74 billion, a PE ratio of 8.11, a P/E/G ratio of 2.47 and a beta of 0.87. The business has a 50 day moving average of $116.77 and a 200-day moving average of $133.51. lululemon athletica inc. has a 12-month low of $95.67 and a 12-month high of $225.98.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $1.13. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company posted $3.10 earnings per share. lululemon athletica’s quarterly revenue was down 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, research analysts expect that lululemon athletica inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LULU shares. Citigroup reduced their price objective on shares of lululemon athletica from $130.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of lululemon athletica from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, September 4th. Truist Financial reaffirmed a “sell” rating and issued a $82.00 price target (down from $94.00) on shares of lululemon athletica in a research report on Friday, September 4th. Weiss Ratings upgraded lululemon athletica from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 4th. Finally, Guggenheim reissued a “neutral” rating on shares of lululemon athletica in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $111.54.

lululemon athletica Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company’s products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.