Ameliora Wealth Management Ltd. Acquires Shares of 100 Lululemon Athletica Inc. (NASDAQ:LULU)

Ameliora Wealth Management Ltd. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100 shares of the apparel retailer’s stock, valued at approximately $38,000.

Other large investors have also modified their holdings of the company. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after acquiring an additional 26 shares during the last quarter. Mather Group LLC. increased its stake in shares of Lululemon Athletica by 21.1% in the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares during the period. Adirondack Trust Co. increased its stake in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after acquiring an additional 40 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the period. Finally, First Pacific Financial increased its stake in shares of Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after acquiring an additional 44 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LULU shares. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. 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. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research report on Friday, January 10th. Finally, KeyCorp boosted their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $395.67.

Lululemon Athletica Stock Performance

LULU opened at $411.83 on Friday. The firm’s 50-day simple moving average is $384.21 and its 200-day simple moving average is $314.56. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a market cap of $50.15 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

About Lululemon Athletica

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.