Eagle Rock Investment Company LLC Grows Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Eagle Rock Investment Company LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,272 shares of the apparel retailer’s stock after acquiring an additional 1,000 shares during the period. Eagle Rock Investment Company LLC’s holdings in Lululemon Athletica were worth $2,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Shepherd Financial Partners LLC bought a new position in Lululemon Athletica during the 3rd quarter valued at approximately $953,000. XTX Topco Ltd increased its stake in shares of Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after buying an additional 6,562 shares during the period. Rheos Capital Works Inc. increased its stake in shares of Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after buying an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Finally, Caxton Associates LP boosted its holdings in Lululemon Athletica by 6,702.7% in the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after acquiring an additional 59,118 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction 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 approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The stock was 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.

Lululemon Athletica Stock Down 1.5 %

Shares of Lululemon Athletica stock opened at $370.99 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30. The company’s 50 day moving average is $360.19 and its 200 day moving average is $303.57. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released 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 firm earned $2.53 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Lululemon Athletica Inc. will post 14.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on LULU shares. Evercore ISI upped their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. UBS Group raised their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.33.

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.