Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,228 shares of the apparel retailer’s stock after buying an additional 461 shares during the period. V Square Quantitative Management LLC’s holdings in Lululemon Athletica were worth $870,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. U S Global Investors Inc. raised its stake in shares of Lululemon Athletica by 1,133.3% in the first quarter. U S Global Investors Inc. now owns 3,700 shares of the apparel retailer’s stock valued at $1,445,000 after acquiring an additional 3,400 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Lululemon Athletica by 9.8% in the 1st quarter. Dakota Wealth Management now owns 3,340 shares of the apparel retailer’s stock valued at $1,305,000 after acquiring an additional 297 shares during the period. Simplicity Wealth LLC acquired a new position in Lululemon Athletica in the 1st quarter valued at $736,000. Spire Wealth Management increased its stake in Lululemon Athletica by 12.2% in the 1st quarter. Spire Wealth Management now owns 5,554 shares of the apparel retailer’s stock valued at $2,170,000 after buying an additional 606 shares during the period. Finally, West Branch Capital LLC boosted its position in shares of Lululemon Athletica by 19.5% during the 1st quarter. West Branch Capital LLC now owns 239 shares of the apparel retailer’s stock worth $93,000 after purchasing an additional 39 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen decreased their price objective on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. HSBC decreased their price target on Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. Oppenheimer restated an “outperform” rating and issued a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. JPMorgan Chase & Co. reduced their target price on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, BTIG Research started coverage on Lululemon Athletica in a research note on Wednesday, May 8th. They set a “buy” rating and a $425.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $468.59.

Lululemon Athletica Stock Performance

NASDAQ:LULU traded down $23.35 on Wednesday, reaching $299.63. The company’s stock had a trading volume of 8,912,090 shares, compared to its average volume of 1,847,424. Lululemon Athletica Inc. has a 1-year low of $295.74 and a 1-year high of $516.39. The firm has a market cap of $37.76 billion, a PE ratio of 24.54, a PEG ratio of 1.16 and a beta of 1.30. The business’s 50-day moving average price is $370.12 and its two-hundred day moving average price is $432.30.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.40 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.15 EPS for the current year.

Lululemon Athletica 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.