Teacher Retirement System of Texas Decreases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Teacher Retirement System of Texas trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 89.4% during the fourth quarter, Holdings Channel reports. The fund owned 6,593 shares of the apparel retailer’s stock after selling 55,432 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lululemon Athletica were worth $2,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of Lululemon Athletica by 51.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock valued at $455,000 after buying an additional 571 shares during the last quarter. Independent Advisor Alliance boosted its stake in Lululemon Athletica by 11.8% during the 3rd quarter. Independent Advisor Alliance now owns 2,977 shares of the apparel retailer’s stock valued at $808,000 after acquiring an additional 315 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Lululemon Athletica during the 3rd quarter worth $210,000. The Manufacturers Life Insurance Company increased 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 worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Lululemon Athletica by 13.1% in the 3rd quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock valued at $834,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several research analyst reports. Raymond James reissued an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. TD Cowen upped their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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, Telsey Advisory Group restated an “outperform” rating and issued a $445.00 price target on shares of Lululemon Athletica in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $395.55.

Lululemon Athletica Stock Up 0.1 %

Shares of LULU stock opened at $337.79 on Thursday. The stock has a 50-day simple moving average of $366.84 and a 200 day simple moving average of $338.65. The stock has a market capitalization of $41.14 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

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.