Capricorn Fund Managers Ltd Makes New $4.23 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Capricorn Fund Managers Ltd acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,000 shares of the apparel retailer's stock, valued at approximately $4,225,000. Lululemon Athletica comprises about 1.9% of Capricorn Fund Managers Ltd's holdings, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Geode Capital Management LLC grew its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. Legal & General Group Plc lifted its holdings in Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock valued at $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock worth $190,567,000 after purchasing an additional 19,808 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in shares of Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after purchasing an additional 185,440 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Needham & Company LLC raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price for the company in a report on Friday, January 10th. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, BMO Capital Markets raised their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average price target of $390.33.

Lululemon Athletica Price Performance

LULU stock traded down $0.89 during mid-day trading on Tuesday, reaching $372.81. 2,091,709 shares of the company's stock were exchanged, compared to its average volume of 1,634,755. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $491.30. The stock's 50 day moving average is $363.72 and its 200 day moving average is $305.10. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.33 earnings per share for the current fiscal 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.