Amalgamated Bank Buys 15,893 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Amalgamated Bank lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 122.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,915 shares of the apparel retailer’s stock after purchasing 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 quarter.

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

Lululemon Athletica Price Performance

NASDAQ:LULU traded up $4.35 during trading hours on Friday, reaching $355.15. 1,257,671 shares of the stock were exchanged, compared to its average volume of 1,755,590. The stock has a market cap of $44.75 billion, a PE ratio of 29.09, a PEG ratio of 1.25 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The firm has a 50 day moving average of $403.31 and a 200 day moving average of $437.77.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the prior year, the company posted $4.40 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Activity

In related 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 acquired at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Raymond James upped their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $550.00 price target on shares of Lululemon Athletica in a research report on Friday, March 22nd. Evercore ISI dropped their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Robert W. Baird cut their target price on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $476.57.

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.