Sellaronda Global Management LP Invests $10.33 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Sellaronda Global Management LP acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,000 shares of the apparel retailer's stock, valued at approximately $10,325,000. Lululemon Athletica makes up about 10.4% of Sellaronda Global Management LP's investment portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica in the 4th quarter worth about $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth approximately $370,062,000. Alliancebernstein L.P. grew its position in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after acquiring an additional 421,890 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $142,235,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Trading Up 1.7 %

NASDAQ:LULU traded up $4.41 on Friday, reaching $261.03. 1,959,792 shares of the stock traded hands, compared to its average volume of 2,239,572. The company has a market capitalization of $31.49 billion, a price-to-earnings ratio of 18.85, 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. The company's fifty day simple moving average is $332.40 and its 200 day simple moving average is $339.26.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The company 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 firm earned $5.29 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group decreased their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. KeyCorp dropped their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Friday, March 28th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.