Bwcp LP Acquires 1,380 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Bwcp LP increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,262 shares of the apparel retailer's stock after buying an additional 1,380 shares during the period. Lululemon Athletica accounts for about 5.1% of Bwcp LP's investment portfolio, making the stock its 6th biggest holding. Bwcp LP owned approximately 0.05% of Lululemon Athletica worth $23,810,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Beacon Capital Management LLC increased its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after acquiring an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake 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 valued at $389,000 after acquiring an additional 26 shares during the period. Dnca Finance raised its position in shares of Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LULU shares. Robert W. Baird reduced their price target on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Stifel Nicolaus reduced their price objective on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Cfra Research raised Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Telsey Advisory Group decreased their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Oppenheimer increased their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.86.

Lululemon Athletica Trading Down 0.8 %

Lululemon Athletica stock opened at $268.60 on Friday. The company has a market capitalization of $32.40 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.22 and a beta of 1.31. The stock's 50 day moving average is $298.27 and its 200-day moving average is $337.78. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

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

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.

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