Banco Santander S.A. Acquires 5,199 Shares of lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Banco Santander S.A. increased its stake in lululemon athletica by 90.2%, now holding approximately $3.10 million in shares after purchasing an additional 5,199 shares.
• Several institutional investors, including Price T Rowe Associates and Capital World Investors, have also significantly increased their holdings in lululemon athletica during recent quarters.
• lululemon's latest earnings report showed an EPS of $2.60 and a revenue of $2.37 billion, slightly surpassing analyst expectations with a 7.3% year-over-year revenue increase.

Banco Santander S.A. lifted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 90.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,962 shares of the apparel retailer's stock after acquiring an additional 5,199 shares during the quarter. Banco Santander S.A.'s holdings in lululemon athletica were worth $3,103,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Twin Capital Management Inc. increased its position in lululemon athletica by 58.3% in the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock worth $1,041,000 after purchasing an additional 1,354 shares during the last quarter. Narwhal Capital Management boosted its position in lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after purchasing an additional 13,600 shares during the period. Sawgrass Asset Management LLC acquired a new position in lululemon athletica during the first quarter valued at approximately $9,209,000. Flossbach Von Storch SE raised its position in shares of lululemon athletica by 10.3% in the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after purchasing an additional 130,565 shares during the period. Finally, Bender Robert & Associates lifted its stake in shares of lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after buying an additional 7,028 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. KeyCorp lowered their price target on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. BTIG Research reduced their price objective on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. TD Securities upped their target price on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Piper Sandler reduced their price target on shares of lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. Finally, CICC Research restated a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $329.91.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 0.7%

NASDAQ:LULU traded up $1.44 during trading hours on Wednesday, hitting $196.51. 2,139,422 shares of the stock were exchanged, compared to its average volume of 3,155,017. The company has a market capitalization of $23.55 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. lululemon athletica inc. has a twelve month low of $191.44 and a twelve month high of $423.32. The company's 50 day moving average is $243.85 and its two-hundred day moving average is $296.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the business posted $2.54 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

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.