California State Teachers Retirement System Has $70.23 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

California State Teachers Retirement System trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 183,660 shares of the apparel retailer’s stock after selling 5,339 shares during the period. California State Teachers Retirement System’s holdings in Lululemon Athletica were worth $70,233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $33,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Up 1.0 %

Shares of Lululemon Athletica stock opened at $271.27 on Wednesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The business has a 50 day moving average price of $302.03 and a 200-day moving average price of $338.37. The company has a market cap of $32.73 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $5.29 EPS. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

LULU has been the topic of several recent research reports. Bank of America cut their price objective on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Cfra Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Wells Fargo & Company dropped their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. KeyCorp reduced their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Oppenheimer lifted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $370.38.

Lululemon Athletica 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.