1,910 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,910 shares of the apparel retailer's stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Westside Investment Management Inc. raised its stake in shares of Lululemon Athletica by 900.0% in the third quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer's stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Anchor Investment Management LLC raised its position in Lululemon Athletica by 17.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,582 shares of the apparel retailer's stock valued at $1,243,000 after buying an additional 680 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Lululemon Athletica by 964.2% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,058 shares of the apparel retailer's stock valued at $3,815,000 after acquiring an additional 12,737 shares in the last quarter. World Investment Advisors LLC purchased a new position in Lululemon Athletica during the 3rd quarter worth $15,038,000. Finally, Sfmg LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth $2,984,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $2.74 during midday trading on Friday, reaching $267.90. 1,422,240 shares of the stock were exchanged, compared to its average volume of 2,228,853. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a market cap of $32.32 billion, a PE ratio of 19.34, a PEG ratio of 2.22 and a beta of 1.31. The company's fifty day moving average is $305.90 and its 200-day moving average is $338.46.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $5.29 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LULU shares. Needham & Company LLC cut their price target on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. UBS Group cut their target price on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their price target on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer boosted their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Robert W. Baird decreased their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average target price of $372.28.

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.