Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Boosted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 198.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,860 shares of the apparel retailer's stock after purchasing an additional 4,564 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Lululemon Athletica were worth $1,844,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in 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 acquiring an additional 43 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $29,000. Ridgewood Investments LLC acquired a new stake in Lululemon Athletica during the 2nd quarter worth approximately $33,000. Finally, Dnca Finance purchased a new position in Lululemon Athletica in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, 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 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value 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 approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LULU. Wedbush decreased their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating for the company in a research note on Wednesday, August 28th. Bank of America lowered their price target on Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a report on Friday, August 30th. Raymond James cut their price objective on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a research report on Monday, September 2nd. Truist Financial upped their target price on Lululemon Athletica from $310.00 to $360.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their target price on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Trading Up 2.3 %

LULU traded up $7.40 on Wednesday, hitting $328.30. 2,000,019 shares of the company's stock were exchanged, compared to its average volume of 2,102,127. The stock has a fifty day moving average of $282.04 and a two-hundred day moving average of $290.16. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm has a market cap of $40.31 billion, a PE ratio of 25.67, a P/E/G ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the business posted $2.68 EPS. The business's revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.