Yousif Capital Management LLC Boosts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Yousif Capital Management LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 356.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,383 shares of the apparel retailer's stock after buying an additional 13,577 shares during the period. Yousif Capital Management LLC's holdings in Lululemon Athletica were worth $8,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LULU. NewSquare Capital LLC increased its stake in Lululemon Athletica by 3.0% in the fourth quarter. NewSquare Capital LLC now owns 8,315 shares of the apparel retailer's stock valued at $4,251,000 after purchasing an additional 240 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth about $237,000. Linden Thomas Advisory Services LLC increased its position in shares of Lululemon Athletica by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 4,302 shares of the apparel retailer's stock worth $2,200,000 after acquiring an additional 81 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Lululemon Athletica by 5.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 788 shares of the apparel retailer's stock worth $403,000 after acquiring an additional 44 shares in the last quarter. Finally, SlateStone Wealth LLC increased its position in shares of Lululemon Athletica by 1.9% during the fourth quarter. SlateStone Wealth LLC now owns 6,508 shares of the apparel retailer's stock worth $3,327,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. BNP Paribas downgraded shares of Lululemon Athletica from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $430.00 to $415.00 in a research report on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a "market perform" rating in a research report on Friday, March 22nd. Raymond James boosted their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 10th. Jefferies Financial Group reduced their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating for the company in a research report on Thursday, April 4th. Finally, KeyCorp reduced their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $483.61.

Lululemon Athletica Trading Down 1.3 %

Shares of NASDAQ:LULU traded down $4.59 during trading on Thursday, reaching $360.00. The company had a trading volume of 1,535,652 shares, compared to its average volume of 1,779,733. The company has a fifty day moving average of $412.27 and a two-hundred day moving average of $438.30. The stock has a market capitalization of $45.36 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.40 EPS. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

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.