Graham Capital Management L.P. Invests $804,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Graham Capital Management L.P. bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,102 shares of the apparel retailer's stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Beacon Capital Management LLC lifted its stake in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC lifted its position in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after acquiring an additional 26 shares in the last quarter. Dnca Finance grew its position in Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Lululemon Athletica by 9.4% during the fourth 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.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded up $2.99 during trading on Monday, reaching $324.43. The stock had a trading volume of 403,670 shares, compared to its average volume of 2,215,687. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm's fifty day moving average is $286.02 and its 200 day moving average is $338.11. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 analyst estimates of $3.59 billion. During the same period last year, the company posted $5.29 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Telsey Advisory Group lowered their target price on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Needham & Company LLC lowered their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus cut their target price on Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $368.72.

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.