Fagan Associates Inc. acquired a new position in Lululemon Athletica inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,580 shares of the apparel retailer’s stock, valued at approximately $679,000.

A number of other hedge funds have also recently made changes to their positions in LULU. Vanguard Group Inc increased its position in Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after purchasing an additional 899,080 shares during the period. Vanguard Group Inc. increased its position in Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after purchasing an additional 899,080 shares during the period. AQR Capital Management LLC increased its position in Lululemon Athletica by 32.2% in the third quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after purchasing an additional 688,881 shares during the period. BlackRock Inc. increased its position in Lululemon Athletica by 10.8% in the third quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock worth $1,085,564,000 after purchasing an additional 650,365 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in Lululemon Athletica in the third quarter worth about $80,637,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

LULU has been the subject of a number of research reports. Canaccord Genuity set a $161.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a research report on Saturday, December 8th. MKM Partners boosted their target price on Lululemon Athletica from $174.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. ValuEngine lowered Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 21st. Guggenheim restated a “buy” rating and set a $165.00 target price on shares of Lululemon Athletica in a research report on Thursday, December 6th. Finally, Cowen set a $185.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Seven analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.78.

NASDAQ:LULU opened at $148.62 on Monday. Lululemon Athletica inc. has a fifty-two week low of $75.43 and a fifty-two week high of $164.79. The stock has a market cap of $19.68 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.55.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The business had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $736.10 million. Lululemon Athletica had a return on equity of 30.28% and a net margin of 12.63%. Lululemon Athletica’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, analysts forecast that Lululemon Athletica inc. will post 3.78 earnings per share for the current fiscal year.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 847,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $136.53, for a total value of $115,640,910.00. Following the sale, the insider now owns 3,852 shares in the company, valued at approximately $525,913.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Dennis J. Wilson sold 1,379,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total value of $199,955,000.00. Following the completion of the sale, the insider now owns 3,852 shares in the company, valued at approximately $558,540. The disclosure for this sale can be found here. Insiders sold a total of 2,914,928 shares of company stock worth $414,622,960 in the last 90 days. Company insiders own 0.32% of the company’s stock.

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Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

See Also: Diversification

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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