Rep. Robert Bresnahan, Jr. Makes Investment in Lululemon Athletica Inc.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently made a purchase of shares in Lululemon Athletica Inc. (NASDAQ: LULU). According to a filing made on March 27th, Bresnahan disclosed that he acquired between $1,001 and $15,000 in stock on February 25th. The purchase was recorded in his "JP Morgan Brokerage Account."

Additionally, Representative Bresnahan has engaged in other trading activities. These include purchases and sales of shares in various companies, indicating an active approach to investment. Notably, on March 7, 2025, he purchased between $1,001 and $15,000 in shares of Intuit (NASDAQ: INTU). He also sold shares of Tesla (NASDAQ: TSLA) in a similar price range on March 6, 2025. Other transactions included buying stocks in SEA (NYSE: SE), Meta Platforms (NASDAQ: META), and Twilio (NYSE: TWLO), among others.

Lululemon Athletica Performance

On the market, Lululemon Athletica shares have seen some volatility. As of Friday, NASDAQ: LULU opened at $293.06. The stock has recorded a low of $226.01 and a high of $423.32 over the past year. Its 50-day moving average is $364.63, and the 200-day moving average stands at $338.98. Currently, the company boasts a market capitalization of $35.69 billion, with a price-to-earnings (PE) ratio of 21.16 and a PEG ratio of 2.22.

Lululemon Athletica recently announced its quarterly earnings results on March 27. The company reported earnings per share (EPS) of $6.14, which exceeded analysts' expectations of $5.85 by $0.29. The firm's revenue for the quarter reached $3.60 billion, surpassing the consensus estimate of $3.59 billion, representing a year-over-year revenue growth of 12.3%. Research analysts predict EPS of 14.36 for the current fiscal year.

Institutional Investment in Lululemon

Institutional investors have been active in the market for Lululemon shares. Recent data indicates that several hedge funds purchased stakes in the company during the fourth quarter, including TCTC Holdings LLC, Anderson Financial Strategies LLC, and Kestra Investment Management LLC, among others. These institutional investors collectively hold 85.20% of the company's stock, reflecting strong confidence in Lululemon's potential.

Analysts' Price Targets

In light of Lululemon's market performance, analysts have revised their price targets for the stock. Stifel Nicolaus recently lowered its target from $438.00 to $424.00 while maintaining a "buy" rating. Wells Fargo reduced its price target from $375.00 to $315.00, indicating an "equal weight" rating. Other firms such as BTIG Research, Barclays, and UBS Group have also adjusted their price projections, with most analysts showing cautious optimism about Lululemon Athletica's future.

About Representative Robert Bresnahan, Jr.

Rob Bresnahan Jr. is a member of the U.S. House of Representatives, serving Pennsylvania's 8th Congressional District. Since assuming office on January 3, 2025, he has been active in his role and is currently seeking re-election for the 2026 term. Born in Kingston, Pennsylvania, Bresnahan holds a B.S. in business administration and has experience as a chief financial officer and CEO of a family business.

About Lululemon Athletica

Lululemon Athletica Inc. specializes in the design, distribution, and retail of athletic apparel, footwear, and accessories. The brand is known for its quality products suitable for a healthy lifestyle, including items for activities like yoga and running.

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