Amalgamated Bank Reduces Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Amalgamated Bank decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,693 shares of the apparel retailer’s stock after selling 960 shares during the quarter. Amalgamated Bank’s holdings in Lululemon Athletica were worth $9,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Hennion & Walsh Asset Management Inc. bought a new position in Lululemon Athletica during the 3rd quarter valued at approximately $239,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lululemon Athletica by 19.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after buying an additional 4,791 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Lululemon Athletica by 28.6% during the third quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock valued at $675,000 after buying an additional 554 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Lululemon Athletica by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after acquiring an additional 6,052 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Lululemon Athletica by 6.5% in the third quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock worth $4,037,000 after acquiring an additional 905 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Down 0.4 %

NASDAQ:LULU opened at $366.72 on Wednesday. The stock has a market cap of $44.66 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.22 and a beta of 1.19. The company’s 50 day moving average price is $387.44 and its 200-day moving average price is $327.65. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

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

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LULU. TD Securities boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. KeyCorp boosted their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research report on Friday, January 10th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $399.14.

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.