Bright Rock Capital Management LLC Buys New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Bright Rock Capital Management LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the apparel retailer's stock, valued at approximately $1,415,000.

A number of other large investors have also added to or reduced their stakes in LULU. Beacon Capital Management LLC raised its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after buying an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after acquiring an additional 25 shares in the last quarter. Dnca Finance raised its position in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after purchasing an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its position in shares of Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on LULU shares. Jefferies Financial Group lowered their price objective on Lululemon Athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a research report on Friday, June 6th. KeyCorp cut their price objective on shares of Lululemon Athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 target price on shares of Lululemon Athletica in a report on Monday, June 2nd. TD Securities upped their price target on Lululemon Athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $7.92 on Friday, hitting $239.11. 4,511,966 shares of the company's stock were exchanged, compared to its average volume of 2,216,629. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a 50-day simple moving average of $284.92 and a 200-day simple moving average of $336.15. The stock has a market capitalization of $28.85 billion, a PE ratio of 17.26, a PEG ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 earnings per share. On average, analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Lululemon Athletica Company 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.