Simon Quick Advisors LLC Buys 1,011 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Simon Quick Advisors LLC boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 102.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,995 shares of the apparel retailer’s stock after acquiring an additional 1,011 shares during the period. Simon Quick Advisors LLC’s holdings in Lululemon Athletica were worth $565,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Investment Partners Asset Management Inc. boosted its holdings in shares of Lululemon Athletica by 20.3% during the 1st quarter. Investment Partners Asset Management Inc. now owns 866 shares of the apparel retailer’s stock valued at $245,000 after buying an additional 146 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Lululemon Athletica by 12.7% during the 1st quarter. Focus Financial Network Inc. now owns 711 shares of the apparel retailer’s stock valued at $201,000 after buying an additional 80 shares in the last quarter. CX Institutional bought a new stake in shares of Lululemon Athletica during the 1st quarter valued at $181,000. Integrated Advisors Network LLC bought a new stake in shares of Lululemon Athletica during the 1st quarter valued at $277,000. Finally, Curated Wealth Partners LLC bought a new stake in shares of Lululemon Athletica during the 1st quarter valued at $817,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 3.2%

Lululemon Athletica stock opened at $239.11 on Friday. The firm has a 50 day moving average of $284.75 and a 200 day moving average of $335.60. The firm has a market capitalization of $28.85 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.22 and a beta of 1.26. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $2.54 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several recent analyst reports. Piper Sandler lifted their price target on Lululemon Athletica from $280.00 to $315.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. BTIG Research lowered their price target on Lululemon Athletica from $420.00 to $405.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Bank of America lowered their price target on Lululemon Athletica from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Raymond James reaffirmed a “market perform” rating and issued a $430.00 price target on shares of Lululemon Athletica in a research report on Friday, March 28th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.26.

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.