Qsemble Capital Management LP Acquires Shares of 773 Lululemon Athletica Inc. (NASDAQ:LULU)

Qsemble Capital Management LP acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 773 shares of the apparel retailer’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in 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. Rockline Wealth Management LLC boosted its stake in Lululemon Athletica by 1.3% in the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after acquiring an additional 43 shares in the last quarter. Larson Financial Group LLC boosted its stake in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Finally, WD Rutherford LLC boosted its stake in Lululemon Athletica by 0.8% in the second quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock valued at $1,918,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LULU shares. Morgan Stanley increased their target price on shares of Lululemon Athletica from $314.00 to $345.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Piper Sandler increased their target price on shares of Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Wedbush decreased their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Citigroup decreased their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $356.03.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $319.52 on Friday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm’s 50 day moving average price is $296.03 and its 200 day moving average price is $288.06. The firm has a market cap of $39.23 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 2.38 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business earned $2.68 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS 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.