Bright Rock Capital Management LLC Sells 10,000 Shares of lululemon athletica inc. $LULU

Key Points

• Bright Rock Capital Management cut its stake in lululemon by 50%, selling 10,000 shares in Q4 and now holds 10,000 shares valued at about $2.08 million.
• Insider activity: Director Charles V. Bergh purchased 6,090 shares on March 20 at roughly $164.20 each (≈$1.0M), bringing insider ownership to about 0.54%.
• Analyst outlook is mixed but the consensus is a "Hold" with a consensus target of $206.77, even as several firms recently lowered price targets and the company beat last quarter's EPS estimates ($5.01 vs. $4.78).

Bright Rock Capital Management LLC lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,000 shares of the apparel retailer's stock after selling 10,000 shares during the period. Bright Rock Capital Management LLC's holdings in lululemon athletica were worth $2,078,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 68 shares in the last quarter. Murphy & Mullick Capital Management Corp boosted its position in lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer's stock valued at $27,000 after buying an additional 105 shares in the last quarter. GoalVest Advisory LLC bought a new stake in lululemon athletica during the fourth quarter worth about $27,000. Tradewinds Capital Management LLC grew its position in lululemon athletica by 18,400.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 184 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of lululemon athletica by 464.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 116 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of lululemon athletica from $210.00 to $185.00 and set a "neutral" rating for the company in a research report on Monday, March 23rd. Wells Fargo & Company dropped their price target on shares of lululemon athletica from $175.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 18th. Truist Financial dropped their target price on shares of lululemon athletica from $200.00 to $170.00 and set a "hold" rating for the company in a research report on Wednesday, March 18th. Weiss Ratings upgraded shares of lululemon athletica from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, February 5th. Finally, Piper Sandler raised their price objective on lululemon athletica from $165.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $206.77.

Insider Transactions at lululemon athletica

In related news, Director Charles V. Bergh purchased 6,090 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the transaction, the director owned 6,090 shares of the company's stock, valued at approximately $999,978. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Stock Down 0.0%

Shares of lululemon athletica stock opened at $145.83 on Tuesday. The stock has a market cap of $17.60 billion, a P/E ratio of 10.96, a P/E/G ratio of 4.48 and a beta of 1.00. lululemon athletica inc. has a 12-month low of $143.96 and a 12-month high of $340.25. The business's 50 day moving average is $173.21 and its 200-day moving average is $180.08.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter last year, the company posted $6.14 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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