Quantinno Capital Management LP Buys 3,755 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Quantinno Capital Management LP boosted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 63.8% in the third quarter, Holdings Channel.com reports. The firm owned 9,642 shares of the apparel retailer’s stock after acquiring an additional 3,755 shares during the period. Quantinno Capital Management LP’s holdings in Lululemon Athletica were worth $2,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Larson Financial Group LLC raised its position 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. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Lululemon Athletica during the second quarter worth $33,000. Finally, HHM Wealth Advisors LLC grew its position 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 purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Down 1.9 %

NASDAQ LULU opened at $397.10 on Wednesday. The firm has a 50-day moving average price of $308.46 and a two-hundred day moving average price of $288.72. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The company has a market capitalization of $48.75 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results 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. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Lululemon Athletica Inc. will post 14.19 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Evercore ISI increased their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Raymond James boosted their target price on shares of Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $377.63.

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.