Vantage Investment Partners LLC Has $35.23 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Vantage Investment Partners LLC lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 34.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,833 shares of the apparel retailer’s stock after purchasing an additional 33,066 shares during the quarter. Lululemon Athletica accounts for approximately 3.0% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Vantage Investment Partners LLC’s holdings in Lululemon Athletica were worth $35,230,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC increased its holdings 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 purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the third quarter worth about $29,000. Versant Capital Management Inc lifted 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 acquiring an additional 40 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in Lululemon Athletica in the 2nd quarter valued at approximately $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 3.2 %

Shares of LULU opened at $318.46 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The business has a 50-day simple moving average of $279.60 and a two-hundred day simple moving average of $290.76. The stock has a market cap of $39.10 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.68 EPS. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LULU has been the subject of several recent analyst reports. Guggenheim reduced their price objective on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Bank of America reduced their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Wedbush dropped their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Barclays lowered their price objective 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. Finally, Morgan Stanley reduced their price target on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

Insider Activity at Lululemon Athletica

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

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.