Quent Capital LLC Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Quent Capital LLC cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 15.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 989 shares of the apparel retailer’s stock after selling 181 shares during the quarter. Quent Capital LLC’s holdings in Lululemon Athletica were worth $270,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LULU. CIBC Private Wealth Group LLC lifted its stake in Lululemon Athletica by 36.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,942 shares of the apparel retailer’s stock valued at $3,038,000 after buying an additional 1,583 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of Lululemon Athletica by 18.0% in the fourth quarter. Cetera Advisor Networks LLC now owns 11,544 shares of the apparel retailer’s stock valued at $5,902,000 after acquiring an additional 1,765 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $292,000. Stephens Inc. AR increased its position in shares of Lululemon Athletica by 89.1% during the fourth quarter. Stephens Inc. AR now owns 8,061 shares of the apparel retailer’s stock worth $4,122,000 after purchasing an additional 3,799 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Lululemon Athletica by 13.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 214,845 shares of the apparel retailer’s stock valued at $109,848,000 after purchasing an additional 24,892 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Trading Up 3.0 %

Lululemon Athletica stock opened at $270.38 on Friday. The firm has a market capitalization of $33.80 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.40 and a beta of 1.25. The stock’s fifty day simple moving average is $257.52 and its 200-day simple moving average is $304.76. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the company earned $2.68 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LULU. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Barclays dropped their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. UBS Group decreased their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Raymond James dropped their price target on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Finally, Piper Sandler increased their price target on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $354.55.

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.