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

Capricorn Fund Managers Ltd bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the apparel retailer’s stock, valued at approximately $4,225,000. Lululemon Athletica accounts for approximately 1.9% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paladin Wealth LLC bought a new position in Lululemon Athletica in the third quarter worth approximately $29,000. JFS Wealth Advisors LLC raised its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. Asset Dedication LLC grew its position in Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after purchasing an additional 189 shares during the period. Finally, Avondale Wealth Management acquired a new position in Lululemon Athletica during the third quarter worth $68,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $373.70 on Tuesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $491.30. The company’s fifty day simple moving average is $363.72 and its two-hundred day simple moving average is $305.10. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.44 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.33 EPS for the current year.

Analyst Ratings Changes

LULU has been the topic of several recent research reports. Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Citigroup lifted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley increased their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

Insider Activity at Lululemon Athletica

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

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.