Amalgamated Bank Sells 387 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Amalgamated Bank lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 24,653 shares of the apparel retailer’s stock after selling 387 shares during the quarter. Amalgamated Bank’s holdings in Lululemon Athletica were worth $6,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in Lululemon Athletica by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock worth $3,250,000 after acquiring an additional 321 shares during the last quarter. Advisory Services Network LLC raised its stake in Lululemon Athletica by 50.2% during the first quarter. Advisory Services Network LLC now owns 8,444 shares of the apparel retailer’s stock valued at $3,299,000 after purchasing an additional 2,822 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Lululemon Athletica by 35.7% in the 1st quarter. SG Americas Securities LLC now owns 166,604 shares of the apparel retailer’s stock worth $65,084,000 after buying an additional 43,807 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Lululemon Athletica in the 1st quarter worth about $888,000. Finally, Forsta AP Fonden increased its holdings in shares of Lululemon Athletica by 10.9% in the 1st quarter. Forsta AP Fonden now owns 24,400 shares of the apparel retailer’s stock worth $9,532,000 after buying an additional 2,400 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Down 1.9 %

NASDAQ:LULU opened at $313.14 on Thursday. The company’s 50 day moving average is $277.50 and its two-hundred day moving average is $291.99. The company has a market cap of $38.45 billion, a PE ratio of 24.20, a P/E/G ratio of 2.31 and a beta of 1.24. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Analysts Set New Price Targets

LULU has been the subject of several recent research reports. Robert W. Baird lifted their price target on Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Raymond James cut their target price 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. Stifel Nicolaus lowered their price target on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Lululemon Athletica 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 purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm’s 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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate 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.