27,000 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Sellaronda Global Management LP

Sellaronda Global Management LP acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 27,000 shares of the apparel retailer’s stock, valued at approximately $10,325,000. Lululemon Athletica accounts for approximately 10.4% of Sellaronda Global Management LP’s portfolio, making the stock its 5th biggest position.

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after buying an additional 10,461 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after buying an additional 421,890 shares during the period. Mawer Investment Management Ltd. purchased a new stake in Lululemon Athletica in the 4th quarter worth $523,520,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Lululemon Athletica during the fourth quarter valued at about $370,062,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 0.5 %

LULU opened at $265.00 on Tuesday. The business has a fifty day moving average of $350.83 and a 200 day moving average of $340.42. The stock has a market cap of $32.27 billion, a P/E ratio of 19.13, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.29 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BTIG Research dropped their price target on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company cut their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $378.31.

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.