RPG Investment Advisory LLC Has $10.84 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

RPG Investment Advisory LLC grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,333 shares of the apparel retailer’s stock after buying an additional 328 shares during the quarter. Lululemon Athletica comprises approximately 1.5% of RPG Investment Advisory LLC’s portfolio, making the stock its 26th largest holding. RPG Investment Advisory LLC’s holdings in Lululemon Athletica were worth $10,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at $953,000. Investment Partners Asset Management Inc. acquired a new stake in Lululemon Athletica in the fourth quarter worth about $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after purchasing an additional 4,564 shares during the period. Rockefeller Capital Management L.P. increased its position in Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after purchasing an additional 34,704 shares during the period. Finally, Rakuten Securities Inc. increased its position in Lululemon Athletica by 876.8% in the third quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after purchasing an additional 1,815 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LULU shares. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Citigroup lifted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $358.97 on Monday. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.22 and a beta of 1.19. The stock’s 50 day moving average price is $388.35 and its two-hundred day moving average price is $325.86. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 EPS. On average, equities research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

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 that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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.