Calamos Wealth Management LLC Sells 57 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Calamos Wealth Management LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 965 shares of the apparel retailer’s stock after selling 57 shares during the period. Calamos Wealth Management LLC’s holdings in Lululemon Athletica were worth $369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Czech National Bank grew its stake in Lululemon Athletica by 7.3% during the third quarter. Czech National Bank now owns 23,427 shares of the apparel retailer’s stock valued at $6,357,000 after acquiring an additional 1,592 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Lululemon Athletica by 153.1% during the 3rd quarter. GAMMA Investing LLC now owns 967 shares of the apparel retailer’s stock valued at $262,000 after purchasing an additional 585 shares during the last quarter. Smith Anglin Financial LLC grew its position in shares of Lululemon Athletica by 12.8% during the third quarter. Smith Anglin Financial LLC now owns 889 shares of the apparel retailer’s stock valued at $241,000 after purchasing an additional 101 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Lululemon Athletica by 63.9% in the third quarter. Miracle Mile Advisors LLC now owns 1,560 shares of the apparel retailer’s stock worth $423,000 after purchasing an additional 608 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of Lululemon Athletica by 2.7% in the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock worth $574,000 after buying an additional 56 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 value of $782,736.42. Following the completion of the transaction, the insider now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on 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 sale, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LULU. TD Securities lifted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned 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 $395.67.

Lululemon Athletica Stock Up 1.4 %

LULU opened at $415.90 on Wednesday. The stock’s fifty day moving average is $380.41 and its two-hundred day moving average is $312.91. The company has a market capitalization of $50.65 billion, a P/E ratio of 30.03, a PEG ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly 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. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.