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

Louisiana State Employees Retirement System lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $36,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $38,000. Stonebridge Financial Group LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $44,000. Finally, JFS Wealth Advisors LLC grew its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after buying an additional 65 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Down 6.2 %

Shares of LULU traded down $24.17 during mid-day trading on Friday, hitting $366.68. 3,308,549 shares of the company traded hands, compared to its average volume of 1,585,576. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The business has a 50-day moving average of $391.37 and a 200 day moving average of $320.90. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19.

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

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the firm'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 owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This trade 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LULU shares. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, December 6th. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Wells Fargo & Company raised their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Truist Financial boosted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $399.14.

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.