RBA Wealth Management LLC Raises Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

RBA Wealth Management LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,212 shares of the apparel retailer’s stock after buying an additional 469 shares during the quarter. Lululemon Athletica comprises 1.8% of RBA Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. RBA Wealth Management LLC’s holdings in Lululemon Athletica were worth $4,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LULU. Centaurus Financial Inc. boosted its holdings in Lululemon Athletica by 9.8% during the second quarter. Centaurus Financial Inc. now owns 785 shares of the apparel retailer’s stock worth $235,000 after buying an additional 70 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Lululemon Athletica by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 68,951 shares of the apparel retailer’s stock worth $18,710,000 after purchasing an additional 775 shares during the period. Czech National Bank grew its stake in shares of Lululemon Athletica by 7.3% in the third quarter. Czech National Bank now owns 23,427 shares of the apparel retailer’s stock worth $6,357,000 after purchasing an additional 1,592 shares in the last quarter. GAMMA Investing LLC boosted its stake in Lululemon Athletica by 153.1% during the third quarter. GAMMA Investing LLC now owns 967 shares of the apparel retailer’s stock valued at $262,000 after buying an additional 585 shares in the last quarter. Finally, Smith Anglin Financial LLC boosted its holdings in shares of Lululemon Athletica by 12.8% in the third quarter. Smith Anglin Financial LLC now owns 889 shares of the apparel retailer’s stock worth $241,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup upped their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $395.67.

Lululemon Athletica Trading Down 0.9 %

NASDAQ LULU opened at $410.29 on Tuesday. The stock has a 50 day moving average of $378.74 and a 200-day moving average of $312.03. The company has a market cap of $49.97 billion, a PE ratio of 29.62, a PEG ratio of 2.70 and a beta of 1.19. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm posted $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.