Seldon Capital LP Purchases New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Seldon Capital LP purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 26,154 shares of the apparel retailer's stock, valued at approximately $10,002,000. Lululemon Athletica comprises about 4.1% of Seldon Capital LP's portfolio, making the stock its 7th largest holding.

Several other hedge funds have also bought and sold shares of the stock. Mirova increased its position in Lululemon Athletica by 61.0% in the fourth quarter. Mirova now owns 15,651 shares of the apparel retailer's stock worth $5,985,000 after purchasing an additional 5,932 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Lululemon Athletica by 10.9% in the 4th quarter. Norinchukin Bank The now owns 6,610 shares of the apparel retailer's stock worth $2,528,000 after buying an additional 651 shares in the last quarter. Ossiam increased its holdings in shares of Lululemon Athletica by 8.1% in the 4th quarter. Ossiam now owns 5,760 shares of the apparel retailer's stock worth $2,203,000 after buying an additional 430 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Lululemon Athletica by 615.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 60,318 shares of the apparel retailer's stock valued at $23,066,000 after buying an additional 51,886 shares in the last quarter. Finally, Capital International Inc. CA lifted its holdings in shares of Lululemon Athletica by 108.0% in the 4th quarter. Capital International Inc. CA now owns 12,328 shares of the apparel retailer's stock valued at $4,714,000 after acquiring an additional 6,400 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Down 0.6 %

Shares of LULU traded down $1.69 during midday trading on Friday, hitting $268.95. 819,814 shares of the company's stock traded hands, compared to its average volume of 2,219,899. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm's fifty day moving average is $307.99 and its 200-day moving average is $338.07.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company earned $5.29 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley cut their price objective on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research note on Friday, March 28th. Finally, Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the stock a "negative" rating in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and an average target price of $372.28.

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.