Banco Santander S.A. Has $2.20 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Banco Santander S.A. lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 21.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,763 shares of the apparel retailer’s stock after buying an additional 1,013 shares during the period. Banco Santander S.A.’s holdings in Lululemon Athletica were worth $2,204,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LULU. Aviance Capital Partners LLC increased its holdings in Lululemon Athletica by 0.5% in the 4th quarter. Aviance Capital Partners LLC now owns 5,836 shares of the apparel retailer’s stock worth $2,232,000 after purchasing an additional 31 shares in the last quarter. EFG Asset Management Americas Corp. increased its holdings in Lululemon Athletica by 95.1% in the 4th quarter. EFG Asset Management Americas Corp. now owns 6,295 shares of the apparel retailer’s stock worth $2,407,000 after purchasing an additional 3,068 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares in the last quarter. Marco Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $203,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Lululemon Athletica in the 4th quarter worth about $823,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 1.0 %

Shares of Lululemon Athletica stock opened at $344.36 on Monday. The company has a market cap of $41.94 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The business has a 50 day moving average price of $382.97 and a 200-day moving average price of $333.33.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 earnings per share. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LULU shares. Evercore ISI upped their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley upped their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Telsey Advisory Group upped their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial upped their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

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.