Calamos Wealth Management LLC boosted its position in Lululemon Athletica inc. (NASDAQ:LULU) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,110 shares of the apparel retailer’s stock after acquiring an additional 1,880 shares during the period. Calamos Wealth Management LLC’s holdings in Lululemon Athletica were worth $3,459,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of LULU. AdvisorNet Financial Inc raised its position in shares of Lululemon Athletica by 70.8% during the fourth quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 85 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $25,000. PRW Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $34,000. Exane Derivatives raised its position in Lululemon Athletica by 32,600.0% in the 4th quarter. Exane Derivatives now owns 327 shares of the apparel retailer’s stock valued at $40,000 after buying an additional 326 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.21% of the company’s stock.
In other news, Director Dennis J. Wilson sold 155,800 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $144.43, for a total transaction of $22,502,194.00. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $556,344.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Haselden sold 49,319 shares of the business’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $164.62, for a total value of $8,118,893.78. Following the transaction, the chief operating officer now directly owns 24,685 shares of the company’s stock, valued at approximately $4,063,644.70. The disclosure for this sale can be found here. Insiders sold a total of 519,344 shares of company stock valued at $79,873,942 over the last ninety days. Insiders own 0.32% of the company’s stock.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, March 27th. The apparel retailer reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.11. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Lululemon Athletica had a return on equity of 35.49% and a net margin of 14.71%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. On average, equities analysts predict that Lululemon Athletica inc. will post 4.65 earnings per share for the current fiscal year.
Lululemon Athletica declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the apparel retailer to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts recently issued reports on the company. MKM Partners lifted their target price on Lululemon Athletica from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, January 16th. Zacks Investment Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating and set a $193.00 target price on the stock in a research report on Monday, April 1st. DA Davidson raised their price target on Lululemon Athletica from $146.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. BidaskClub upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd. Finally, Morgan Stanley raised their price target on Lululemon Athletica from $150.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $174.90.
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Lululemon Athletica Profile
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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