Vontobel Holding Ltd. Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Vontobel Holding Ltd. grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,147 shares of the apparel retailer’s stock after purchasing an additional 6,105 shares during the quarter. Vontobel Holding Ltd.’s holdings in Lululemon Athletica were worth $13,336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Lululemon Athletica by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock worth $3,847,103,000 after acquiring an additional 154,985 shares during the period. Value Star Asset Management Hong Kong Ltd boosted its holdings in Lululemon Athletica by 19,890.3% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. American Century Companies Inc. boosted its holdings in Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after purchasing an additional 82,731 shares in the last quarter. Legal & General Group Plc increased its position in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after purchasing an additional 203,882 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $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 owned by insiders.

Lululemon Athletica Price Performance

LULU opened at $294.21 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The business has a 50-day moving average of $263.14 and a two-hundred day moving average of $297.39. The stock has a market capitalization of $36.78 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results 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 firm 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 quarter in the prior year, the business posted $2.68 earnings per share. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on LULU shares. JPMorgan Chase & Co. decreased their price target on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Piper Sandler raised their price objective on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. KeyCorp lowered their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 price target on shares of Lululemon Athletica in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.55.

About Lululemon Athletica

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.