SpiderRock Advisors LLC Invests $588,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

SpiderRock Advisors LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,168 shares of the apparel retailer's stock, valued at approximately $588,000.

Several other large investors have also recently modified their holdings of LULU. Shepherd Financial Partners LLC bought a new position in Lululemon Athletica in the 3rd quarter worth $953,000. XTX Topco Ltd raised its holdings in Lululemon Athletica by 281.4% in the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer's stock worth $2,657,000 after purchasing an additional 6,562 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer's stock worth $4,607,000 after purchasing an additional 3,721 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Lululemon Athletica by 9.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer's stock worth $10,368,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer's stock worth $4,206,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $2.44 on Tuesday, hitting $320.90. The company had a trading volume of 1,159,360 shares, compared to its average volume of 2,102,590. The firm has a market capitalization of $39.40 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.24 and a beta of 1.24. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a 50-day moving average of $280.78 and a 200-day moving average of $290.46.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 earnings per share. Equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on LULU. Jefferies Financial Group restated an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Piper Sandler increased their price target on shares of Lululemon Athletica from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Bank of America decreased their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research note on Friday, August 30th. TD Securities raised their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $357.13.

Insider Activity at Lululemon Athletica

In related news, CEO Calvin Mcdonald bought 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company's stock, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

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.