Moore Capital Management LP Invests $313,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Moore Capital Management LP purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 819 shares of the apparel retailer’s stock, valued at approximately $313,000.

A number of other hedge funds have also bought and sold shares of LULU. Wealth Enhancement Advisory Services LLC grew its position in shares of Lululemon Athletica by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the apparel retailer’s stock worth $5,903,000 after acquiring an additional 159 shares in the last quarter. Czech National Bank lifted its stake in Lululemon Athletica by 4.5% during the fourth quarter. Czech National Bank now owns 24,491 shares of the apparel retailer’s stock worth $9,366,000 after purchasing an additional 1,064 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Lululemon Athletica in the fourth quarter worth $727,000. Brookstone Capital Management increased its stake in Lululemon Athletica by 106.4% during the fourth quarter. Brookstone Capital Management now owns 2,014 shares of the apparel retailer’s stock valued at $770,000 after purchasing an additional 1,038 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $250,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 2.1%

Shares of NASDAQ LULU opened at $310.61 on Wednesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a 50-day moving average of $286.84 and a two-hundred day moving average of $337.55. The company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.29 earnings per share. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. UBS Group lowered their target price on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a report on Friday, March 28th. BMO Capital Markets dropped their price target on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th. 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 research report on Friday, March 28th. Finally, Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Company 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.