Eagle Rock Investment Company LLC Has $2.78 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Eagle Rock Investment Company LLC boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,272 shares of the apparel retailer's stock after purchasing an additional 1,000 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Lululemon Athletica were worth $2,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LULU. International Assets Investment Management LLC grew its holdings in shares of Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Maverick Capital Ltd. bought a new position in Lululemon Athletica in the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company raised its position in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after buying an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $81,405,000. Finally, River Road Asset Management LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $79,503,000. Institutional investors own 85.20% of the company's stock.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value 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 $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Up 0.7 %

LULU traded up $2.71 during trading on Friday, reaching $373.70. 1,340,496 shares of the stock traded hands, compared to its average volume of 1,655,744. The stock's 50-day moving average is $361.31 and its 200 day moving average is $304.04. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The stock has a market capitalization of $45.51 billion, a PE ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.18 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Wednesday. KeyCorp upped their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $390.33.

Lululemon Athletica 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.