Banco Santander S.A. Purchases 1,013 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Banco Santander S.A. raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,763 shares of the apparel retailer’s stock after acquiring an additional 1,013 shares during the quarter. Banco Santander S.A.’s holdings in Lululemon Athletica were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter worth $275,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Lululemon Athletica by 876.8% in the third quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after acquiring an additional 1,815 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its holdings in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $344.36 on Monday. The company has a 50 day moving average price of $382.97 and a 200-day moving average price of $333.33. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The company has a market capitalization of $41.94 billion, a PE ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LULU shares. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. TD Securities lifted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, TD Cowen lifted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.