CWA Asset Management Group LLC Has $326,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

CWA Asset Management Group LLC trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 77.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 853 shares of the apparel retailer’s stock after selling 2,974 shares during the period. CWA Asset Management Group LLC’s holdings in Lululemon Athletica were worth $326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its holdings in shares of Lululemon Athletica by 3.3% in the fourth quarter. Nordea Investment Management AB now owns 9,034 shares of the apparel retailer’s stock worth $3,465,000 after acquiring an additional 287 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $1,327,000. Modus Advisors LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $95,000. GAMMA Investing LLC lifted its stake in Lululemon Athletica by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 1,515 shares of the apparel retailer’s stock valued at $579,000 after buying an additional 548 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Lululemon Athletica by 61.2% in the third quarter. Principal Financial Group Inc. now owns 250,175 shares of the apparel retailer’s stock valued at $67,885,000 after buying an additional 94,997 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LULU. Citigroup boosted their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.23.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $392.92 on Thursday. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.78 and a beta of 1.18. The stock’s fifty day moving average price is $352.53 and its two-hundred day moving average price is $300.64. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $2.53 earnings per share. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.17 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.