Quent Capital LLC Trims Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Quent Capital LLC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 877 shares of the apparel retailer’s stock after selling 82 shares during the quarter. Quent Capital LLC’s holdings in Lululemon Athletica were worth $248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its position in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. raised its position in Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the period. Dnca Finance grew its stake in Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. grew its stake in Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after acquiring an additional 30 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Down 1.2%

Shares of LULU opened at $313.43 on Friday. The company has a market cap of $37.81 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The company has a 50 day moving average of $284.85 and a two-hundred day moving average of $337.88.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm earned $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LULU. Wells Fargo & Company dropped their target price on shares of Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. KeyCorp dropped their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research note on Friday, March 28th. BTIG Research dropped their target price on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Needham & Company LLC dropped their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $369.52.

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.