Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 90.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 417,047 shares of the apparel retailer's stock after buying an additional 198,445 shares during the period. Thrivent Financial for Lutherans owned about 0.34% of Lululemon Athletica worth $113,165,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake 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 in the last quarter. Rockline Wealth Management LLC lifted its stake in Lululemon Athletica by 1.3% in the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer's stock worth $990,000 after purchasing an additional 43 shares in the last quarter. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 43 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of Lululemon Athletica by 31.1% in the first quarter. Beacon Capital Management LLC now owns 194 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 46 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock worth $34,000 after buying an additional 46 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of the company'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 completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

LULU has been the subject of several analyst reports. The Goldman Sachs Group cut Lululemon Athletica from a "buy" rating to a "neutral" rating and dropped their target price for the company from $463.00 to $286.00 in a report on Friday, August 2nd. KeyCorp cut their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Citigroup reduced their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, August 22nd. Bank of America dropped their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $357.13.

Lululemon Athletica Trading Down 3.1 %

LULU traded down $10.25 on Friday, hitting $320.01. 1,264,651 shares of the company were exchanged, compared to its average volume of 1,886,131. The firm has a 50-day moving average price of $286.35 and a two-hundred day moving average price of $289.45. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

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

About Lululemon Athletica

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.