US Bancorp DE cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,719 shares of the apparel retailer's stock after selling 3,325 shares during the period. US Bancorp DE owned approximately 0.06% of Lululemon Athletica worth $19,461,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc grew its stake 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 valued at $31,000 after acquiring an additional 40 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the third quarter valued at about $29,000. Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the second quarter valued at about $33,000. Finally, Dnca Finance acquired a new position in shares of Lululemon Athletica in the second quarter valued at about $34,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.
In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company's stock, valued at approximately $23,379,720. This represents a 0.00 % 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. In related news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on LULU shares. Guggenheim reduced their price objective on shares of Lululemon Athletica from $525.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Raymond James reduced their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a research note on Monday, September 2nd. Morgan Stanley reduced their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Sanford C. Bernstein reduced their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating on the stock in a research note on Friday, August 30th. Finally, TD Cowen reduced their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $354.55.
Read Our Latest Analysis on LULU
Shares of LULU stock opened at $321.17 on Friday. The company has a market cap of $39.43 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.25. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The firm has a 50 day moving average of $274.52 and a 200-day moving average of $292.97.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. Analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.
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.
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