Abacus FCF Advisors LLC Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Abacus FCF Advisors LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,511 shares of the apparel retailer's stock, valued at approximately $1,343,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LULU. Beacon Capital Management LLC increased its position in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. increased its position in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after buying an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

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Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded down $3.14 during trading hours on Monday, hitting $257.89. 660,750 shares of the company's stock traded hands, compared to its average volume of 2,231,877. The company has a fifty day simple moving average of $332.40 and a 200-day simple moving average of $339.76. The stock has a market capitalization of $31.11 billion, a price-to-earnings ratio of 18.62, 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 posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.29 earnings per share. On average, analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LULU. Morgan Stanley dropped their price objective on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Evercore ISI increased their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Stifel Nicolaus lowered their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research note on Thursday. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $371.79.

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.