111 Capital Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

111 Capital purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,791 shares of the apparel retailer's stock, valued at approximately $3,362,000. Lululemon Athletica comprises 0.7% of 111 Capital's holdings, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $33,000. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Argus cut shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Cfra Research upgraded shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. KeyCorp lowered their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Stifel Nicolaus cut 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target of $369.52.

Lululemon Athletica Trading Down 1.2%

NASDAQ LULU traded down $3.66 during midday trading on Friday, hitting $313.43. The company had a trading volume of 3,649,987 shares, compared to its average volume of 2,162,057. The firm has a 50-day moving average price of $284.85 and a 200-day moving average price of $338.00. The company has a market capitalization of $37.81 billion, a PE ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

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

Lululemon Athletica 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.