Quantessence Capital LLC Makes New $730,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Quantessence Capital LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,910 shares of the apparel retailer’s stock, valued at approximately $730,000.

A number of other hedge funds have also recently modified their holdings of LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at $32,000. Asset Planning Inc purchased a new position in Lululemon Athletica in the fourth quarter valued at $33,000. Finally, Sound Income Strategies LLC raised its position in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring 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

Shares of LULU opened at $253.91 on Tuesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $30.63 billion, a PE ratio of 18.33, a P/E/G ratio of 2.22 and a beta of 1.31. The firm has a 50-day simple moving average of $314.51 and a two-hundred day simple moving average of $339.12.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Argus downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. KeyCorp decreased their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Raymond James reissued a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $371.72.

Lululemon Athletica Company 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.