Caxton Associates LP Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Caxton Associates LP acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,193 shares of the apparel retailer’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Atticus Wealth Management LLC increased its stake in shares of Lululemon Athletica by 143.2% during the 1st quarter. Atticus Wealth Management LLC now owns 90 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 53 shares during the last quarter. HighMark Wealth Management LLC increased its stake in shares of Lululemon Athletica by 182.9% during the 1st quarter. HighMark Wealth Management LLC now owns 99 shares of the apparel retailer’s stock valued at $30,000 after acquiring an additional 64 shares during the last quarter. Altshuler Shaham Ltd increased its stake in shares of Lululemon Athletica by 410.0% during the 1st quarter. Altshuler Shaham Ltd now owns 102 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 82 shares during the last quarter. Heritage Wealth Advisors grew its holdings in shares of Lululemon Athletica by 133.3% during the 1st quarter. Heritage Wealth Advisors now owns 112 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 64 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in shares of Lululemon Athletica by 77.4% during the 1st quarter. Jacobi Capital Management LLC now owns 110 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 48 shares during the period. 80.41% of the stock is owned by institutional investors.

In related news, Director Martha A. M. Morfitt bought 4,800 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were purchased at an average cost of $330.00 per share, with a total value of $1,584,000.00. Following the completion of the transaction, the director now directly owns 90,154 shares of the company’s stock, valued at $29,750,820. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Celeste Burgoyne sold 14,362 shares of the stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $366.95, for a total value of $5,270,135.90. Following the completion of the sale, the insider now directly owns 9,477 shares in the company, valued at $3,477,585.15. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

LULU stock opened at $383.62 on Thursday. The firm has a market cap of $49.93 billion, a price-to-earnings ratio of 71.17, a P/E/G ratio of 2.96 and a beta of 1.36. Lululemon Athletica Inc. has a 12-month low of $269.28 and a 12-month high of $399.90. The firm’s 50 day moving average price is $345.74.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, June 2nd. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.25. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.13 billion. Lululemon Athletica had a return on equity of 31.50% and a net margin of 14.17%. The business’s revenue was up 88.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 7.07 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Lululemon Athletica from $330.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, June 4th. Royal Bank of Canada assumed coverage on Lululemon Athletica in a report on Friday, April 23rd. They set an “outperform” rating and a $380.00 target price for the company. Evercore ISI reiterated a “buy” rating on shares of Lululemon Athletica in a report on Tuesday, June 8th. The Goldman Sachs Group assumed coverage on Lululemon Athletica in a report on Wednesday, July 14th. They set a “buy” rating and a $447.00 target price for the company. Finally, TheStreet upgraded Lululemon Athletica from a “c+” rating to a “b” rating in a report on Friday, April 30th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. Lululemon Athletica presently has an average rating of “Buy” and an average price target of $398.93.

Lululemon Athletica Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. 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.

Recommended Story: Market Indexes

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULU).

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.