Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,500 shares of the apparel retailer's stock after purchasing an additional 5,100 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.10% of Lululemon Athletica worth $47,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LULU. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC lifted its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

LULU traded down $2.74 during trading hours on Friday, reaching $267.90. The company's stock had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The stock has a market cap of $32.32 billion, a PE ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business's 50-day moving average is $305.90 and its 200-day moving average is $338.91.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.29 earnings per share. Analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup set a $330.00 price objective on Lululemon Athletica and gave the company a "negative" rating in a report on Friday, March 28th. Oppenheimer raised their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Argus downgraded 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 price target on 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 analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $372.28.

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.