Arizona State Retirement System Has $12.13 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Arizona State Retirement System reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,727 shares of the apparel retailer's stock after selling 909 shares during the period. Arizona State Retirement System's holdings in Lululemon Athletica were worth $12,133,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after purchasing an additional 17,119 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after purchasing an additional 185,440 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock valued at $148,201,000 after acquiring an additional 205,757 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after acquiring an additional 305,302 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

LULU has been the topic of several research analyst reports. Piper Sandler increased their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 6th. BMO Capital Markets increased their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $399.14.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $3.58 during trading hours on Friday, hitting $344.36. 1,717,367 shares of the stock were exchanged, compared to its average volume of 1,609,106. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a market cap of $41.94 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company's fifty day simple moving average is $382.97 and its two-hundred day simple moving average is $333.33.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business posted $2.53 earnings per share. The company's quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, 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 value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

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.