Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 122.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 28,915 shares of the apparel retailer's stock after acquiring an additional 15,893 shares during the period. Amalgamated Bank's holdings in Lululemon Athletica were worth $14,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica by 0.5% in the third quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer's stock valued at $2,824,150,000 after purchasing an additional 38,432 shares during the period. Morgan Stanley boosted its position in Lululemon Athletica by 29.2% in the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock valued at $746,034,000 after buying an additional 437,069 shares during the last quarter. Schroder Investment Management Group boosted its position in Lululemon Athletica by 20.0% in the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock valued at $719,198,000 after buying an additional 310,347 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Lululemon Athletica by 11.1% during the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer's stock valued at $529,756,000 after acquiring an additional 137,454 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Lululemon Athletica by 4.1% in the third quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer's stock worth $516,362,000 after acquiring an additional 52,348 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on LULU. Raymond James lifted their price objective on Lululemon Athletica from $495.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, January 10th. Wedbush cut their price target on shares of Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Needham & Company LLC reduced their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Morgan Stanley dropped their target price on shares of Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Finally, BNP Paribas cut shares of Lululemon Athletica from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $430.00 to $415.00 in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $476.57.

Insider Activity

In other news, Director Martha A. M. Morfitt bought 700 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

Lululemon Athletica Stock Up 1.2 %

Lululemon Athletica stock traded up $4.35 during mid-day trading on Friday, hitting $355.15. 1,257,671 shares of the company's stock traded hands, compared to its average volume of 1,755,590. Lululemon Athletica Inc. has a one year low of $326.93 and a one year high of $516.39. The firm has a 50 day moving average price of $403.31 and a 200 day moving average price of $437.77. The company has a market cap of $44.75 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating analysts' consensus estimates of $5.00 by $0.29. The business had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company's revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.40 earnings per share. On average, analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal year.

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.

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