26,154 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Seldon Capital LP

Seldon Capital LP purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,154 shares of the apparel retailer's stock, valued at approximately $10,002,000. Lululemon Athletica accounts for approximately 4.1% of Seldon Capital LP's investment portfolio, making the stock its 7th biggest holding.

Several other large investors also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $370,062,000. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Capital World Investors lifted its stake in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, 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. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays reduced their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley reduced their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, UBS Group decreased their price objective on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $372.28.

Lululemon Athletica Stock Up 1.6 %

NASDAQ:LULU traded up $4.18 on Wednesday, hitting $265.89. The stock had a trading volume of 1,807,911 shares, compared to its average volume of 2,225,269. The company has a fifty day moving average price of $311.93 and a two-hundred day moving average price of $338.59. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32.

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

Lululemon Athletica Company 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.