RB Capital Management LLC Has $2.34 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

RB Capital Management LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,611 shares of the apparel retailer’s stock after buying an additional 245 shares during the quarter. RB Capital Management LLC’s holdings in Lululemon Athletica were worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $953,000. XTX Topco Ltd grew its position in Lululemon Athletica by 281.4% in the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after purchasing an additional 3,721 shares during the period. Rheos Capital Works Inc. grew its position in Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after purchasing an additional 4,564 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wedbush reduced their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. TD Cowen lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday. Sanford C. Bernstein reduced their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Finally, Evercore ISI raised their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price of $377.63.

Lululemon Athletica Stock Up 1.3 %

Shares of LULU opened at $404.79 on Tuesday. The business’s 50-day moving average price is $308.46 and its 200-day moving average price is $288.72. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a market cap of $49.70 billion, a PE ratio of 29.23, a P/E/G ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

About Lululemon Athletica

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.