Quadrant Capital Group LLC Has $173,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Quadrant Capital Group LLC raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 10.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473 shares of the apparel retailer’s stock after purchasing an additional 44 shares during the period. Quadrant Capital Group LLC’s holdings in Lululemon Athletica were worth $173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Yousif Capital Management LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $1,535,000. D.A. Davidson & CO. grew its holdings in Lululemon Athletica by 7.1% during the fourth quarter. D.A. Davidson & CO. now owns 1,334 shares of the apparel retailer’s stock valued at $527,000 after purchasing an additional 89 shares during the last quarter. CWM LLC acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $229,000. Qube Research & Technologies Ltd grew its holdings in Lululemon Athletica by 522.8% during the fourth quarter. Qube Research & Technologies Ltd now owns 116,020 shares of the apparel retailer’s stock valued at $45,416,000 after purchasing an additional 97,392 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $170,000. Institutional investors and hedge funds own 85.48% of the company’s stock.

Lululemon Athletica Stock Up 0.4 %

Lululemon Athletica stock opened at $317.80 on Friday. The stock has a 50-day simple moving average of $291.10 and a 200 day simple moving average of $315.09. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $485.83. The stock has a market capitalization of $40.56 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 1.68 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last released its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was up 31.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica Inc. will post 9.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LULU shares. TheStreet upgraded shares of Lululemon Athletica from a “c+” rating to a “b” rating in a research note on Monday, April 11th. KeyCorp started coverage on shares of Lululemon Athletica in a research note on Wednesday, July 20th. They issued an “overweight” rating and a $350.00 price objective on the stock. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $303.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, June 16th. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $370.00 to $345.00 and set an “equal weight” rating on the stock in a research note on Friday, June 3rd. Finally, UBS Group lowered their price objective on shares of Lululemon Athletica from $395.00 to $296.00 in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $402.61.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average cost of $280.12 per share, with a total value of $56,024.00. Following the completion of the acquisition, the director now directly owns 1,302 shares of the company’s stock, valued at approximately $364,716.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Lululemon Athletica Company Profile

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