New York State Common Retirement Fund Has $41.19 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

New York State Common Retirement Fund decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 151,788 shares of the apparel retailer’s stock after selling 10,586 shares during the quarter. New York State Common Retirement Fund’s holdings in Lululemon Athletica were worth $41,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its position in shares of Lululemon Athletica by 16.5% during the first quarter. First Trust Direct Indexing L.P. now owns 1,882 shares of the apparel retailer’s stock worth $735,000 after purchasing an additional 267 shares during the period. Private Advisor Group LLC grew its position in shares of Lululemon Athletica by 39.2% in the first quarter. Private Advisor Group LLC now owns 10,812 shares of the apparel retailer’s stock valued at $4,224,000 after purchasing an additional 3,043 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Lululemon Athletica by 11.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,036 shares of the apparel retailer’s stock worth $1,186,000 after buying an additional 305 shares in the last quarter. BNP Paribas bought a new stake in Lululemon Athletica in the 1st quarter valued at about $1,297,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Lululemon Athletica during the first quarter worth approximately $167,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 7.8 %

LULU stock opened at $321.17 on Friday. The business has a 50 day moving average of $274.52 and a 200 day moving average of $292.65. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm has a market cap of $39.43 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LULU shares. Barclays decreased their target price on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. TD Securities raised their target price on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Thursday, July 25th. TD Cowen lowered their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Piper Sandler lifted their price target on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

Insider Transactions at Lululemon Athletica

In other news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, 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 the SEC website. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders own 0.48% of the company’s stock.

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.