Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 87.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,521 shares of the apparel retailer’s stock after purchasing an additional 1,173 shares during the period. Montecito Bank & Trust’s holdings in Lululemon Athletica were worth $684,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the period. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. Versant Capital Management Inc grew its holdings in Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Lululemon Athletica during the second quarter worth $33,000. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated 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 purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 486 shares of the firm’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 directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 0.7 %

Shares of LULU stock opened at $315.30 on Friday. The company has a market capitalization of $38.71 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.31 and a beta of 1.24. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a fifty day moving average of $277.50 and a 200-day moving average of $291.99.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Piper Sandler boosted their price target on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their target price for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Finally, UBS Group decreased their price target on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.