Louisiana State Employees Retirement System Sells 800 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Louisiana State Employees Retirement System trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the apparel retailer’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Lululemon Athletica were worth $5,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $953,000. Rheos Capital Works Inc. boosted its holdings in shares of Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after buying an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Lululemon Athletica by 198.8% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the period. Finally, Touchstone Capital Inc. bought a new stake in Lululemon Athletica in the 3rd quarter valued at $4,084,000. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. UBS Group lifted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were 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 in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s 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 in the company, valued at approximately $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. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $395.16 on Thursday. The company has a market cap of $48.12 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.51 and a beta of 1.19. The firm’s fifty day moving average price is $390.05 and its two-hundred day moving average price is $318.66. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current 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.