Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 379.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,602 shares of the apparel retailer's stock after acquiring an additional 9,180 shares during the period. Bayesian Capital Management LP's holdings in Lululemon Athletica were worth $4,437,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LULU. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $275,000. Nutshell Asset Management Ltd bought a new stake in Lululemon Athletica during the fourth quarter valued at about $956,000. Lebenthal Global Advisors LLC raised its stake in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after acquiring an additional 1,565 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $17,775,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Up 1.8 %

NASDAQ:LULU traded up $4.91 during trading hours on Wednesday, reaching $275.71. 1,120,719 shares of the company's stock were exchanged, compared to its average volume of 2,226,813. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market capitalization of $33.26 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a 50-day moving average of $292.91 and a 200 day moving average of $337.83.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LULU. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Barclays reduced their price target on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $369.86.

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.