Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by ING Groep NV

ING Groep NV grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 56.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,594 shares of the apparel retailer's stock after purchasing an additional 8,521 shares during the period. ING Groep NV's holdings in Lululemon Athletica were worth $6,402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised 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 worth $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the third quarter worth approximately $29,000. Versant Capital Management Inc raised 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 buying an additional 40 shares during the period. JFS Wealth Advisors LLC raised its holdings 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 worth $31,000 after buying an additional 65 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica in the second quarter worth approximately $33,000. 85.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at approximately $23,379,720. This trade represents a 4.66 % 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 corporate insiders.

Lululemon Athletica Stock Down 3.1 %

Shares of LULU stock traded down $10.25 during trading hours on Friday, hitting $320.01. 1,264,651 shares of the company's stock were exchanged, compared to its average volume of 2,095,999. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market cap of $39.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.39 and a beta of 1.24. The firm has a 50 day moving average of $286.35 and a two-hundred day moving average of $290.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) 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. 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. During the same period in the previous year, the business earned $2.68 earnings per share. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LULU. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Thursday, July 25th. Citigroup dropped their price objective on Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, August 22nd. Truist Financial increased their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Guggenheim dropped their price objective on Lululemon Athletica from $525.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica 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.