RB Capital Management LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,973 shares of the apparel retailer's stock after purchasing an additional 46 shares during the period. Lululemon Athletica comprises about 0.9% of RB Capital Management LLC's portfolio, making the stock its 27th biggest holding. RB Capital Management LLC's holdings in Lululemon Athletica were worth $2,554,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $26,000. Ronald Blue Trust Inc. purchased a new stake in Lululemon Athletica in the 2nd quarter worth $30,000. Private Trust Co. NA purchased a new stake in Lululemon Athletica in the 2nd quarter worth $49,000. Tobam increased its holdings in Lululemon Athletica by 94.2% in the 3rd quarter. Tobam now owns 200 shares of the apparel retailer's stock worth $56,000 after acquiring an additional 97 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Lululemon Athletica in the 3rd quarter worth $58,000. 82.04% of the stock is currently owned by institutional investors and hedge funds.
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Several brokerages recently commented on LULU. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $440.00 to $430.00 and set a "neutral" rating for the company in a report on Wednesday. Oppenheimer boosted their price target on shares of Lululemon Athletica from $393.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, February 8th. Morgan Stanley upped their target price on shares of Lululemon Athletica from $343.00 to $387.00 and gave the stock an "overweight" rating in a report on Friday, December 9th. Credit Suisse Group upped their target price on shares of Lululemon Athletica from $390.00 to $465.00 and gave the stock an "outperform" rating in a report on Monday, December 5th. Finally, Redburn Partners initiated coverage on shares of Lululemon Athletica in a report on Thursday, March 16th. They set a "sell" rating and a $257.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $398.80.
Lululemon Athletica Stock Performance
Shares of LULU opened at $313.45 on Friday. The stock has a market capitalization of $39.97 billion, a PE ratio of 34.45, a P/E/G ratio of 1.32 and a beta of 1.35. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $410.70. The company's 50-day simple moving average is $310.05 and its 200-day simple moving average is $320.81.
About Lululemon Athletica
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lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.
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