RFG Advisory LLC Has $574,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

RFG Advisory LLC raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 24.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,923 shares of the apparel retailer’s stock after purchasing an additional 376 shares during the quarter. RFG Advisory LLC’s holdings in Lululemon Athletica were worth $574,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Lululemon Athletica by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after purchasing an additional 154,985 shares during the period. Capital World Investors increased its stake in shares of Lululemon Athletica by 0.9% in the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock worth $791,371,000 after acquiring an additional 14,112 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Lululemon Athletica by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,139,812 shares of the apparel retailer’s stock worth $445,268,000 after acquiring an additional 18,924 shares during the last quarter. Northern Trust Corp increased its stake in shares of Lululemon Athletica by 32.7% in the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock worth $534,815,000 after acquiring an additional 257,944 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Lululemon Athletica by 3.8% in the fourth quarter. Brown Advisory Inc. now owns 846,810 shares of the apparel retailer’s stock worth $432,965,000 after acquiring an additional 31,232 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 0.4 %

NASDAQ:LULU traded up $0.98 during mid-day trading on Monday, hitting $239.70. The company’s stock had a trading volume of 1,398,689 shares, compared to its average volume of 2,093,622. The company has a market capitalization of $29.96 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.25 and a beta of 1.26. The stock has a fifty day moving average of $287.76 and a 200-day moving average of $360.12. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.16. The company 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 company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.22 earnings per share for the current fiscal year.

Lululemon Athletica announced that its board has approved a stock buyback plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LULU. Bank of America upped their price target on shares of Lululemon Athletica from $430.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. TD Securities decreased their price objective on shares of Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Truist Financial decreased their price objective on shares of Lululemon Athletica from $415.00 to $310.00 and set a “buy” rating for the company in a report on Friday, July 26th. Oppenheimer restated an “outperform” rating and set a $445.00 price target on shares of Lululemon Athletica in a report on Thursday, June 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $357.00 price target on shares of Lululemon Athletica in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.26.

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.