Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 65.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,567 shares of the apparel retailer’s stock after selling 15,925 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lululemon Athletica were worth $2,325,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $238,000. Coldstream Capital Management Inc. acquired a new position in Lululemon Athletica during the third quarter worth about $304,000. RB Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 2.9% in the third quarter. RB Capital Management LLC now owns 8,611 shares of the apparel retailer’s stock valued at $2,337,000 after purchasing an additional 245 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Up 0.6 %

Shares of Lululemon Athletica stock opened at $391.63 on Monday. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The business’s 50 day simple moving average is $318.81 and its 200-day simple moving average is $291.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on LULU. Raymond James raised their price target on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. KeyCorp boosted their price target on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, December 6th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Company 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.