Qtron Investments LLC Buys Shares of 1,556 Lululemon Athletica inc. (NASDAQ:LULU)

Qtron Investments LLC bought a new stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) in the second quarter, Holdings Channel reports. The fund bought 1,556 shares of the apparel retailer’s stock, valued at approximately $280,000.

A number of other hedge funds also recently bought and sold shares of LULU. Piedmont Investment Advisors Inc. boosted its position in shares of Lululemon Athletica by 0.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,001 shares of the apparel retailer’s stock valued at $1,147,000 after acquiring an additional 59 shares during the last quarter. Next Capital Management LLC boosted its position in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 59 shares during the last quarter. Resources Investment Advisors Inc. boosted its position in shares of Lululemon Athletica by 15.6% during the 1st quarter. Resources Investment Advisors Inc. now owns 445 shares of the apparel retailer’s stock valued at $73,000 after acquiring an additional 60 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Lululemon Athletica by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after acquiring an additional 68 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its position in shares of Lululemon Athletica by 9.4% during the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after acquiring an additional 73 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Shares of LULU traded down $3.55 during mid-day trading on Friday, hitting $195.18. 1,088,259 shares of the company’s stock traded hands, compared to its average volume of 2,259,000. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. Lululemon Athletica inc. has a 1 year low of $110.71 and a 1 year high of $204.44. The firm has a market capitalization of $25.89 billion, a P/E ratio of 50.83, a PEG ratio of 2.31 and a beta of 0.65. The business’s 50-day moving average price is $184.82 and its 200-day moving average price is $173.51.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Lululemon Athletica inc. will post 4.74 earnings per share for the current fiscal year.

In other news, Director David M. Mussafer sold 4,484 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the transaction, the director now directly owns 18,947 shares of the company’s stock, valued at $3,526,036.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $201.79, for a total value of $20,004,048.07. Following the transaction, the director now directly owns 3,852 shares in the company, valued at $777,295.08. The disclosure for this sale can be found here. Insiders have sold 425,032 shares of company stock worth $80,229,658 over the last three months. Insiders own 0.34% of the company’s stock.

A number of analysts have recently issued reports on LULU shares. Cowen lifted their price target on Lululemon Athletica from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Argus lifted their price target on Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Saturday, August 24th. Wedbush lifted their price target on Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. They noted that the move was a valuation call. Finally, DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Lululemon Athletica in a research report on Friday, September 6th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Lululemon Athletica presently has an average rating of “Buy” and an average target price of $204.64.

Lululemon Athletica Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Further Reading: Return on Investment (ROI)

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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