Quadcap Wealth Management LLC Invests $207,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Quadcap Wealth Management LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 540 shares of the apparel retailer’s stock, valued at approximately $207,000.

Several other large investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors increased its stake in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after acquiring an additional 421,890 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price target on shares of Lululemon Athletica from $315.00 to $300.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Citigroup cut their price target on shares of Lululemon Athletica from $330.00 to $275.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Finally, Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price of $368.72.

Lululemon Athletica Stock Up 0.8%

Shares of NASDAQ:LULU opened at $321.44 on Friday. The stock has a market cap of $38.78 billion, a PE ratio of 23.21, a PEG ratio of 2.22 and a beta of 1.30. The company’s fifty day moving average is $286.02 and its 200 day moving average is $337.60. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

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

About Lululemon Athletica

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.