Banco Santander S.A. Sells 332 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Banco Santander S.A. cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,750 shares of the apparel retailer’s stock after selling 332 shares during the quarter. Banco Santander S.A.’s holdings in Lululemon Athletica were worth $1,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LULU. Larson Financial Group LLC lifted its stake in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at $29,000. Versant Capital Management Inc grew its holdings in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in Lululemon Athletica during the 2nd quarter valued at about $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lululemon Athletica

In other news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $317.11 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market capitalization of $38.93 billion, a PE ratio of 24.51, a P/E/G ratio of 2.29 and a beta of 1.24. The stock’s 50-day simple moving average is $291.83 and its 200-day simple moving average is $288.87.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.68 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays decreased their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their price target on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Finally, KeyCorp dropped their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $357.13.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.