Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Audent Global Asset Management LLC

Audent Global Asset Management LLC grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 275.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,774 shares of the apparel retailer's stock after acquiring an additional 5,704 shares during the quarter. Lululemon Athletica comprises 1.9% of Audent Global Asset Management LLC's investment portfolio, making the stock its 18th biggest holding. Audent Global Asset Management LLC's holdings in Lululemon Athletica were worth $2,973,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Park Square Financial Group LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $137,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $50,379,000. Bernard Wealth Management Corp. purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at about $78,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Lululemon Athletica by 30.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock valued at $63,000 after acquiring an additional 39 shares during the last quarter. Finally, LM Advisors LLC purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp dropped their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. BTIG Research dropped their price target on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus target price of $369.52.

Lululemon Athletica Stock Performance

LULU stock traded down $3.66 during midday trading on Friday, hitting $313.43. 3,649,987 shares of the stock were exchanged, compared to its average volume of 2,170,452. The stock's 50-day moving average price is $284.85 and its 200-day moving average price is $337.88. The stock has a market cap of $37.81 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the previous year, the firm posted $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. Research 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.