RFG Advisory LLC Has $2.39 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

RFG Advisory LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 384.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,437 shares of the apparel retailer's stock after acquiring an additional 6,697 shares during the quarter. RFG Advisory LLC's holdings in Lululemon Athletica were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in Lululemon Athletica by 124.4% in the first quarter. Merit Financial Group LLC now owns 3,786 shares of the apparel retailer's stock valued at $1,072,000 after buying an additional 2,099 shares in the last quarter. Strong Tower Advisory Services increased its position in shares of Lululemon Athletica by 4.8% during the first quarter. Strong Tower Advisory Services now owns 1,005 shares of the apparel retailer's stock worth $266,000 after purchasing an additional 46 shares in the last quarter. Czech National Bank increased its position in Lululemon Athletica by 5.1% during the first quarter. Czech National Bank now owns 25,734 shares of the apparel retailer's stock worth $7,284,000 after buying an additional 1,243 shares during the period. Kaizen Financial Strategies raised its position in Lululemon Athletica by 72.1% in the 1st quarter. Kaizen Financial Strategies now owns 1,069 shares of the apparel retailer's stock valued at $303,000 after purchasing an additional 448 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Lululemon Athletica by 3.1% during the 1st quarter. Rhumbline Advisers now owns 214,260 shares of the apparel retailer's stock worth $60,648,000 after purchasing an additional 6,441 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LULU. Robert W. Baird lowered their target price on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. BTIG Research decreased their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Piper Sandler lifted their target price on shares of Lululemon Athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Finally, KeyCorp lowered their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.10.

Lululemon Athletica Trading Down 1.3%

NASDAQ:LULU traded down $4.41 during trading hours on Thursday, hitting $330.78. 5,051,773 shares of the company traded hands, compared to its average volume of 2,178,735. The firm has a 50-day moving average of $285.26 and a 200 day moving average of $337.98. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market capitalization of $39.90 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Equities research analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

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.