Calamos Wealth Management LLC Reduces Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Calamos Wealth Management LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC purchased a new position in Lululemon Athletica during the 3rd quarter valued at $953,000. Rheos Capital Works Inc. raised its stake in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after buying an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. boosted its position in Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after acquiring an additional 34,704 shares in the last quarter. Finally, Touchstone Capital Inc. purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $4,084,000. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the topic of several research reports. Oppenheimer dropped their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Piper Sandler lifted their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. UBS Group upped their price objective 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, TD Cowen lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Stock Up 1.4 %

Lululemon Athletica stock opened at $415.90 on Wednesday. The business has a 50-day simple moving average of $380.41 and a two-hundred day simple moving average of $312.91. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company has a market cap of $50.65 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during 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%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.53 earnings per share. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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.