Moore Capital Management LP Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Moore Capital Management LP bought 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 filing with the Securities & Exchange Commission. The institutional investor bought 819 shares of the apparel retailer's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in Lululemon Athletica by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer's stock worth $5,903,000 after buying an additional 159 shares during the last quarter. Czech National Bank increased its position in Lululemon Athletica by 4.5% during the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer's stock worth $9,366,000 after buying an additional 1,064 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $727,000. Brookstone Capital Management increased its position in Lululemon Athletica by 106.4% during the fourth quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer's stock worth $770,000 after buying an additional 1,038 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $250,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Up 0.8%

NASDAQ LULU traded up $2.48 on Friday, hitting $321.44. 1,274,923 shares of the company's stock were exchanged, compared to its average volume of 2,224,158. The stock has a 50-day moving average of $286.02 and a 200-day moving average of $337.60. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market cap of $38.78 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results 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 analysts' expectations of $3.59 billion. During the same period in the prior year, the company earned $5.29 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group lowered their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Bank of America lowered their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Morgan Stanley decreased their target price on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. BTIG Research decreased their target price on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, The Goldman Sachs Group decreased their target price on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. One 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $368.72.

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.