California Public Employees Retirement System Sells 18,838 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

California Public Employees Retirement System lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,287 shares of the apparel retailer's stock after selling 18,838 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Lululemon Athletica worth $74,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. RWA Wealth Partners LLC bought a new position in Lululemon Athletica during the 4th quarter valued at approximately $244,000. Schroder Investment Management Group raised its stake in shares of Lululemon Athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lululemon Athletica by 87.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 539,441 shares of the apparel retailer's stock valued at $206,288,000 after purchasing an additional 251,015 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Lululemon Athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after buying an additional 37 shares during the last quarter. Finally, Allianz SE bought a new stake in Lululemon Athletica in the 4th quarter worth about $558,000. Institutional investors own 85.20% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently commented on LULU. BTIG Research reduced their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Evercore ISI lifted their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Morgan Stanley dropped their target price on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.72.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded up $3.12 on Wednesday, reaching $282.75. The company had a trading volume of 2,280,337 shares, compared to its average volume of 2,160,470. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.22 and a beta of 1.21. The firm's 50-day moving average price is $358.96 and its two-hundred day moving average price is $340.07. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.29 earnings per share. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS 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.