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

Quantinno Capital Management LP boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,642 shares of the apparel retailer's stock after purchasing 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica in the third quarter worth $29,000. Ridgewood Investments LLC purchased a new position in Lululemon Athletica in the second quarter worth $33,000. HHM Wealth Advisors LLC raised its stake in shares of 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 buying an additional 46 shares during the period. Finally, JFS Wealth Advisors LLC raised its stake 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 valued at $31,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

NASDAQ LULU traded up $3.61 during trading hours on Wednesday, reaching $400.71. 821,417 shares of the stock traded hands, compared to its average volume of 2,125,005. The stock has a 50 day simple moving average of $308.46 and a two-hundred day simple moving average of $288.72. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a market cap of $49.20 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the firm earned $2.53 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein lowered their target price on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating on the stock in a research note on Friday, August 30th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Truist Financial boosted their target price on Lululemon Athletica from $360.00 to $420.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Piper Sandler boosted their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Raymond James boosted their target price on Lululemon Athletica from $320.00 to $355.00 in a research note 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $377.63.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.48% of the company's stock.

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.