Nutshell Asset Management Ltd Acquires Shares of 2,500 Lululemon Athletica Inc. (NASDAQ:LULU)

Nutshell Asset Management Ltd bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,500 shares of the apparel retailer's stock, valued at approximately $956,000. Lululemon Athletica accounts for approximately 0.6% of Nutshell Asset Management Ltd's portfolio, making the stock its 28th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Lululemon Athletica by 12.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 128,049 shares of the apparel retailer's stock valued at $48,967,000 after buying an additional 14,184 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $1,381,000. Gladstone Capital Management LLP acquired a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,185,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Lululemon Athletica in the fourth quarter valued at $99,000. Finally, KCM Investment Advisors LLC raised its stake in shares of Lululemon Athletica by 1.2% during the 4th quarter. KCM Investment Advisors LLC now owns 9,330 shares of the apparel retailer's stock valued at $3,568,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on LULU shares. BMO Capital Markets dropped their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. BTIG Research lowered their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Raymond James reiterated a "market perform" rating and set a $430.00 target price on shares of Lululemon Athletica in a research report on Friday, March 28th. Oppenheimer lifted their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $373.00.

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Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $15.81 during trading on Thursday, hitting $258.03. 2,472,625 shares of the company were exchanged, compared to its average volume of 2,233,784. The firm's 50 day moving average price is $338.57 and its 200-day moving average price is $339.30. The stock has a market capitalization of $31.13 billion, a P/E ratio of 18.61, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the company posted $5.29 earnings per share. The business's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS 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.