Lighthouse Financial LLC Buys New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Lighthouse Financial LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the apparel retailer's stock, valued at approximately $765,000. Lululemon Athletica comprises approximately 0.6% of Lighthouse Financial LLC's holdings, making the stock its 27th largest position.

Several other hedge funds also recently modified their holdings of LULU. Brighton Jones LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth $429,000. Blue Trust Inc. increased its stake in shares of Lululemon Athletica by 10.3% in the fourth quarter. Blue Trust Inc. now owns 759 shares of the apparel retailer's stock worth $290,000 after buying an additional 71 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $2,360,000. KBC Group NV grew its position in shares of Lululemon Athletica by 44.9% in the 4th quarter. KBC Group NV now owns 49,873 shares of the apparel retailer's stock worth $19,072,000 after buying an additional 15,443 shares during the last quarter. Finally, Lebenthal Global Advisors LLC boosted its position in shares of Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after purchasing an additional 1,565 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James reiterated a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research note on Friday, March 28th. Bank of America dropped their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a report on Friday, March 28th. Barclays lowered their price objective on shares of Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, UBS Group lowered their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $369.52.

Lululemon Athletica Price Performance

LULU stock traded down $3.66 during midday trading on Friday, hitting $313.43. 3,649,987 shares of the stock traded hands, compared to its average volume of 2,171,004. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock's fifty day simple moving average is $285.33 and its 200-day simple moving average is $337.93. The firm has a market cap of $37.81 billion, a P/E ratio of 22.63, a PEG ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results 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. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.29 EPS. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share 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.