Illinois Municipal Retirement Fund Sells 3,133 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Illinois Municipal Retirement Fund lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,667 shares of the apparel retailer’s stock after selling 3,133 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lululemon Athletica were worth $10,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of LULU. Hennion & Walsh Asset Management Inc. bought a new position in Lululemon Athletica in the 3rd quarter valued at $239,000. Mirae Asset Global Investments Co. Ltd. grew its position in Lululemon Athletica by 19.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,481 shares of the apparel retailer’s stock valued at $8,255,000 after acquiring an additional 4,791 shares during the last quarter. Arkadios Wealth Advisors grew its position in Lululemon Athletica by 28.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,488 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 554 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Lululemon Athletica by 14.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 47,314 shares of the apparel retailer’s stock valued at $13,202,000 after acquiring an additional 6,052 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Lululemon Athletica by 6.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,881 shares of the apparel retailer’s stock valued at $4,037,000 after acquiring an additional 905 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on LULU shares. Oppenheimer upped their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James reissued an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Morgan Stanley increased their price target on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. TD Cowen increased their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were 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 directly 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. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $366.72 on Wednesday. The stock has a 50-day moving average of $387.44 and a two-hundred day moving average of $327.65. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The stock has a market cap of $44.66 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last released 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. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.53 earnings per share. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.