Anson Funds Management LP Takes $1.09 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Anson Funds Management LP acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, Holdings Channel reports. The fund acquired 4,000 shares of the apparel retailer’s stock, valued at approximately $1,085,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. Value Star Asset Management Hong Kong Ltd raised its position in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares during the period. International Assets Investment Management LLC increased its holdings in 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 valued at $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 3rd quarter valued at $93,476,000. The Manufacturers Life Insurance Company increased its holdings in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after acquiring an additional 305,302 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in Lululemon Athletica in the 3rd quarter valued at $81,405,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $399.60 on Friday. The stock has a market cap of $49.06 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a 50-day moving average of $305.79 and a two-hundred day moving average of $288.07.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 16.34% and a return on equity of 42.59%. 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 EPS. Research analysts expect that Lululemon Athletica Inc. will post 13.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Sanford C. Bernstein reduced their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. BMO Capital Markets lifted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday. Finally, Bank of America dropped their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $379.52.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % 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 owned by corporate insiders.

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.