Aquatic Capital Management LLC Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Aquatic Capital Management LLC lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 267.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,594 shares of the apparel retailer's stock after purchasing an additional 55,034 shares during the quarter. Lululemon Athletica comprises approximately 0.8% of Aquatic Capital Management LLC's holdings, making the stock its 15th largest position. Aquatic Capital Management LLC owned 0.06% of Lululemon Athletica worth $28,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter worth about $32,000. Asset Planning Inc bought a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $33,000. Finally, Sound Income Strategies LLC grew its holdings in shares of 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 buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $267.90 on Friday. The stock has a 50 day moving average price of $305.90 and a 200 day moving average price of $338.01. The firm has a market capitalization of $32.32 billion, a P/E ratio of 19.34, a P/E/G 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 - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. The firm 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%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $5.29 earnings per share. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LULU. Argus downgraded Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. BTIG Research reduced their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Needham & Company LLC decreased their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a report on Wednesday, March 26th. Finally, Oppenheimer lifted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Two equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $372.28.

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.

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