Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,547 shares of the apparel retailer’s stock after buying an additional 87 shares during the period. RFG Advisory LLC’s holdings in Lululemon Athletica were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LULU. Vanguard Group Inc. boosted its holdings in Lululemon Athletica by 32.3% during the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock worth $4,955,918,000 after buying an additional 2,369,119 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Lululemon Athletica by 51,219.6% during the fourth quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock worth $351,868,000 after buying an additional 686,855 shares in the last quarter. Norges Bank purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $236,378,000. Morgan Stanley lifted its holdings in shares of Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of Lululemon Athletica from $515.00 to $400.00 in a report on Wednesday, June 5th. Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $425.00 to $350.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Jefferies Financial Group reduced their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a report on Thursday, April 4th. TD Cowen upped their price target on shares of Lululemon Athletica from $437.00 to $447.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, BTIG Research began coverage on shares of Lululemon Athletica in a research note on Wednesday, May 8th. They set a “buy” rating and a $425.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.06.

Lululemon Athletica Trading Up 0.1 %

LULU opened at $312.28 on Tuesday. The company has a fifty day simple moving average of $330.32 and a 200 day simple moving average of $412.32. The firm has a market cap of $39.04 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.55 and a beta of 1.27. Lululemon Athletica Inc. has a twelve month low of $293.03 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.29 earnings per share for the current fiscal year.

Lululemon Athletica announced that its board has authorized a share buyback plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.