Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,458 shares of the apparel retailer’s stock after selling 9,098 shares during the period. New York State Teachers Retirement System’s holdings in Lululemon Athletica were worth $35,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LULU. CWM LLC grew its holdings in Lululemon Athletica by 13.7% during the third quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock worth $894,000 after acquiring an additional 398 shares during the period. V Square Quantitative Management LLC grew its holdings in Lululemon Athletica by 30.6% during the third quarter. V Square Quantitative Management LLC now owns 3,181 shares of the apparel retailer’s stock worth $863,000 after acquiring an additional 746 shares during the period. Claro Advisors LLC purchased a new stake in Lululemon Athletica during the third quarter worth $1,163,000. Richard W. Paul & Associates LLC boosted its position in Lululemon Athletica by 497.0% during the third quarter. Richard W. Paul & Associates LLC now owns 3,958 shares of the apparel retailer’s stock worth $1,074,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in Lululemon Athletica during the third quarter worth $2,245,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $366.68 on Friday. The company has a market cap of $44.65 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock’s 50-day moving average is $391.37 and its 200-day moving average is $320.44.

Lululemon Athletica (NASDAQ:LULU) 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. The business had revenue of $2.40 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%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. Research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LULU shares. TD Cowen boosted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Oppenheimer boosted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Citigroup boosted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Piper Sandler boosted their target price on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upped their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.14.

About Lululemon Athletica

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.