Lululemon Athletica Inc. (NASDAQ:LULU) Stock Position Decreased by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,287 shares of the apparel retailer’s stock after selling 18,838 shares during the period. California Public Employees Retirement System’s holdings in Lululemon Athletica were worth $74,297,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have recently commented on LULU. Telsey Advisory Group decreased their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday. BTIG Research decreased their price objective on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday. Oppenheimer upped their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Raymond James restated a “market perform” rating and set a $430.00 price target on shares of Lululemon Athletica in a report on Friday. Finally, Barclays dropped their price objective on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Trading Down 3.4 %

NASDAQ:LULU opened at $283.06 on Tuesday. The firm has a market capitalization of $34.47 billion, a PE ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The firm’s fifty day simple moving average is $362.82 and its 200 day simple moving average is $340.38.

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

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.