Taika Capital LP Acquires Shares of 1,864 Lululemon Athletica Inc. (NASDAQ:LULU)

Taika Capital LP acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,864 shares of the apparel retailer’s stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Maverick Capital Ltd. purchased a new stake in Lululemon Athletica in the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company lifted its stake in Lululemon Athletica by 136.3% in 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 last quarter. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica in the third quarter valued at approximately $81,405,000. Los Angeles Capital Management LLC lifted its stake in Lululemon Athletica by 248.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock valued at $123,530,000 after buying an additional 230,349 shares during the last quarter. Finally, Swedbank AB lifted its stake in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after buying an additional 221,112 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley upped their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. UBS Group upped their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Down 1.0 %

Shares of LULU stock opened at $344.36 on Monday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a market cap of $41.94 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.22 and a beta of 1.21. The business has a fifty day simple moving average of $382.97 and a 200-day simple moving average of $333.33.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during 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 business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

About Lululemon Athletica

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.