Retirement Systems of Alabama Has $6.78 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Retirement Systems of Alabama decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 77.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,974 shares of the apparel retailer’s stock after selling 87,607 shares during the period. Retirement Systems of Alabama’s holdings in Lululemon Athletica were worth $6,777,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LULU. American Trust bought a new stake in Lululemon Athletica in the third quarter valued at about $785,000. Synovus Financial Corp lifted its position in shares of Lululemon Athletica by 46.4% during the 3rd quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock worth $1,137,000 after buying an additional 1,329 shares during the period. Tidal Investments LLC lifted its holdings in shares of Lululemon Athletica by 19.0% during the third quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after acquiring an additional 1,822 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $249,000. Finally, Sfmg LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $2,984,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $390.59 on Wednesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a 50 day moving average price of $323.44 and a 200 day moving average price of $292.55. The stock has a market capitalization of $47.57 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. During the same period last year, the firm posted $2.53 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LULU. JPMorgan Chase & Co. lifted their target price on shares of Lululemon Athletica from $338.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Guggenheim lifted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Morgan Stanley increased their price target on shares of Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Oppenheimer lowered their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

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.