Amalgamated Bank Sells 960 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Amalgamated Bank lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Asset Planning Inc bought a new position in Lululemon Athletica during the fourth quarter valued at $33,000. Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after buying an additional 65 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at $36,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Lululemon Athletica by 53.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 95 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 33 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $366.72 on Wednesday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a market cap of $44.66 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The firm’s fifty day moving average price is $387.44 and its 200-day moving average price is $327.65.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Morgan Stanley lifted their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Barclays boosted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insiders Place Their Bets

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

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.