lululemon athletica inc. $LULU Shares Purchased by Bright Rock Capital Management LLC

Key Points

• Bright Rock Capital Management doubled its LULU stake in the second quarter, purchasing 40,000 additional shares to own 80,000 shares valued at approximately $9.1 million. Institutional investors collectively own 85.2% of the company.
• Lululemon’s director Charles V. Bergh purchased 4,275 shares for about $500,389, increasing his direct ownership by 70.2%; company insiders own 0.54% of outstanding shares.
• Analyst sentiment remains cautious: LULU has a consensus “Reduce” rating and an average price target of $148.54, despite the company modestly beating quarterly earnings and revenue estimates.

Bright Rock Capital Management LLC raised its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 100.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the apparel retailer's stock after purchasing an additional 40,000 shares during the period. lululemon athletica accounts for about 1.8% of Bright Rock Capital Management LLC's holdings, making the stock its 18th biggest position. Bright Rock Capital Management LLC owned 0.07% of lululemon athletica worth $9,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NorthRock Partners LLC boosted its position in lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock valued at $276,000 after buying an additional 62 shares during the last quarter. Murphy & Mullick Capital Management Corp increased its position in shares of lululemon athletica by 4.3% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer's stock worth $242,000 after acquiring an additional 65 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock worth $1,016,000 after acquiring an additional 73 shares in the last quarter. GW&K Investment Management LLC lifted its stake in shares of lululemon athletica by 70.3% in the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer's stock worth $39,000 after acquiring an additional 78 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in lululemon athletica by 43.6% in the fourth quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer's stock valued at $58,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In related news, Director Charles V. Bergh acquired 4,275 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director directly owned 10,365 shares in the company, valued at $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LULU shares. Zacks Research lowered lululemon athletica from a "hold" rating to a "strong sell" rating in a research note on Wednesday, June 10th. Jefferies Financial Group cut their target price on lululemon athletica from $145.00 to $115.00 and set a "hold" rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company reduced their target price on lululemon athletica from $110.00 to $105.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 21st. Morgan Stanley reissued an "underweight" rating and set a $93.00 price target on shares of lululemon athletica in a research report on Monday, July 6th. Finally, Sanford C. Bernstein dropped their price target on shares of lululemon athletica from $170.00 to $145.00 and set a "market perform" rating for the company in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, lululemon athletica presently has a consensus rating of "Reduce" and an average target price of $148.54.

lululemon athletica Stock Up 3.1%

LULU stock opened at $128.58 on Friday. The firm's 50-day simple moving average is $117.77 and its 200 day simple moving average is $145.06. The stock has a market cap of $15.26 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 4.09 and a beta of 0.86. lululemon athletica inc. has a fifty-two week low of $104.44 and a fifty-two week high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 4th. The apparel retailer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.67 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $2.60 EPS. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. Equities analysts forecast that lululemon athletica inc. will post 10.93 EPS for the current fiscal 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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