RPG Investment Advisory LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

RPG Investment Advisory LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 28,005 shares of the apparel retailer's stock, valued at approximately $7,599,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bleakley Financial Group LLC grew its position in shares of Lululemon Athletica by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer's stock worth $738,000 after buying an additional 38 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Rockline Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer's stock valued at $990,000 after purchasing an additional 43 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Finally, Beacon Capital Management LLC grew its stake in Lululemon Athletica by 31.1% during the 1st quarter. Beacon Capital Management LLC now owns 194 shares of the apparel retailer's stock worth $76,000 after buying an additional 46 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LULU shares. Barclays decreased their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. Piper Sandler upped their target price on Lululemon Athletica from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $291.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. TD Cowen reduced their price objective on Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. Finally, Bank of America reduced their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded up $8.28 during midday trading on Wednesday, reaching $329.18. 1,258,132 shares of the stock were exchanged, compared to its average volume of 2,098,756. The stock has a market capitalization of $40.42 billion, a P/E ratio of 25.67, a PEG ratio of 2.33 and a beta of 1.24. The company has a 50 day simple moving average of $282.04 and a 200 day simple moving average of $290.16. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 earnings per share. On average, research analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current 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.