New York State Teachers Retirement System Sells 10,635 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

New York State Teachers Retirement System decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 101,556 shares of the apparel retailer’s stock after selling 10,635 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Lululemon Athletica worth $27,557,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC raised its stake in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc increased its position in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the 3rd quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new stake in Lululemon Athletica in the second quarter valued at approximately $33,000. Finally, Dnca Finance bought a new stake in shares of Lululemon Athletica during the second quarter worth $34,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LULU. Truist Financial reiterated a “buy” rating and issued a $310.00 price target on shares of Lululemon Athletica in a research note on Wednesday, August 28th. The Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and cut their price target for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Sanford C. Bernstein lowered their price objective on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Guggenheim cut their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica Trading Down 2.0 %

Shares of NASDAQ LULU opened at $297.90 on Friday. The firm has a market capitalization of $36.58 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.17 and a beta of 1.25. The firm’s 50-day moving average price is $273.47 and its 200-day moving average price is $293.07. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business earned $2.68 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was 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 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.