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

Capricorn Fund Managers Ltd purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,000 shares of the apparel retailer’s stock, valued at approximately $4,225,000. Lululemon Athletica makes up 1.9% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds have also recently added to or reduced their stakes in LULU. International Assets Investment Management LLC lifted its holdings in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Maverick Capital Ltd. bought a new stake in Lululemon Athletica in the third quarter worth $93,476,000. The Manufacturers Life Insurance Company boosted its position in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new position in shares of Lululemon Athletica during the third quarter valued at about $81,405,000. Finally, River Road Asset Management LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth about $79,503,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James restated an “outperform” rating and set a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. KeyCorp boosted their target price on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Oppenheimer cut their price target 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. Guggenheim raised their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Insider Buying and Selling at Lululemon Athletica

In other 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 value of $10,085,779.80. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $373.70 on Tuesday. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business has a 50-day simple moving average of $363.72 and a two-hundred day simple moving average of $305.10. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 earnings per share. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.33 earnings per share for the current 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.