Quest Partners LLC Buys 1,381 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Quest Partners LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 82.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,060 shares of the apparel retailer’s stock after acquiring an additional 1,381 shares during the quarter. Quest Partners LLC’s holdings in Lululemon Athletica were worth $830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LULU. Larson Financial Group LLC increased its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. Ridgewood Investments LLC bought a new stake in Lululemon Athletica during the second quarter worth $33,000. Finally, Dnca Finance purchased a new position in Lululemon Athletica in the second quarter worth $34,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LULU shares. TD Cowen reduced their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Raymond James dropped their price objective on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Evercore ISI reissued an “outperform” rating and issued a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. Finally, Bank of America dropped their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

Lululemon Athletica Stock Up 2.2 %

NASDAQ:LULU opened at $315.09 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a market cap of $38.69 billion, a P/E ratio of 24.35, a PEG ratio of 2.20 and a beta of 1.24. The business’s 50-day moving average price is $290.83 and its two-hundred day moving average price is $289.10.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 EPS. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

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.