Ameliora Wealth Management Ltd. Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Ameliora Wealth Management Ltd. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 100 shares of the apparel retailer’s stock, valued at approximately $38,000.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 76 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock worth $68,000 after acquiring an additional 31 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s 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 transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. Raymond James reissued an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. KeyCorp lifted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Stock Down 0.2 %

Shares of LULU stock opened at $411.83 on Friday. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth 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. The firm has a 50 day moving average of $384.21 and a 200-day moving average of $314.56.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. Analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.