Country Club Bank Has $3.74 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Country Club Bank increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 87.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,343 shares of the apparel retailer’s stock after buying an additional 6,226 shares during the quarter. Country Club Bank’s holdings in Lululemon Athletica were worth $3,736,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% during the second 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 period. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at $29,000. Versant Capital Management Inc grew its holdings in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica during the second quarter worth about $33,000. Finally, Dnca Finance acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth about $34,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 1.7 %

Lululemon Athletica stock opened at $304.15 on Friday. The firm has a 50 day simple moving average of $269.24 and a 200 day simple moving average of $294.72. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.17 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $2.68 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LULU shares. Bank of America cut their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group decreased their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a report on Monday, August 26th. Wells Fargo & Company dropped their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Robert W. Baird reduced their target price on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Guggenheim dropped their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $131,020.74. Following the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.