Vantage Investment Partners LLC Buys 33,066 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Vantage Investment Partners LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 34.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,833 shares of the apparel retailer's stock after acquiring an additional 33,066 shares during the quarter. Lululemon Athletica makes up approximately 3.0% of Vantage Investment Partners LLC's holdings, making the stock its 13th biggest holding. Vantage Investment Partners LLC owned approximately 0.11% of Lululemon Athletica worth $35,230,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after buying an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica in the third quarter worth $29,000. Versant Capital Management Inc raised its stake in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $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 Stock Performance

Shares of NASDAQ LULU traded up $2.44 during midday trading on Tuesday, reaching $320.90. 1,159,360 shares of the stock were exchanged, compared to its average volume of 2,102,590. The stock has a market capitalization of $39.40 billion, a P/E ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24. The company has a 50 day simple moving average of $280.78 and a 200 day simple moving average of $290.46. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

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

Analyst Ratings Changes

Several analysts have commented on LULU shares. Citigroup dropped their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a report on Thursday, August 22nd. Wedbush dropped their price target on Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 28th. Truist Financial increased their price target on Lululemon Athletica from $310.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Sanford C. Bernstein decreased their price objective on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a report on Friday, August 30th. Finally, Piper Sandler lifted their price target on Lululemon Athletica from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus 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.