New York State Common Retirement Fund Sells 3,497 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

New York State Common Retirement Fund lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,291 shares of the apparel retailer's stock after selling 3,497 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Lululemon Athletica worth $56,708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised 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 worth $669,036,000 after acquiring an additional 44,294 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after acquiring an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after acquiring an additional 19,808 shares during the period. Montrusco Bolton Investments Inc. boosted its holdings 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 worth $166,016,000 after buying an additional 185,440 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted 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 worth $148,201,000 after buying an additional 205,757 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Jefferies Financial Group restated an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Stifel Nicolaus reiterated a "buy" rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Raymond James reiterated an "outperform" rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, Morgan Stanley upped their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $399.14.

Lululemon Athletica Trading Down 1.9 %

Shares of Lululemon Athletica stock traded down $6.85 during mid-day trading on Friday, reaching $358.97. 1,400,060 shares of the stock were exchanged, compared to its average volume of 1,493,499. The company has a market cap of $43.72 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The firm has a 50-day simple moving average of $388.35 and a 200 day simple moving average of $324.60. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

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 for the quarter, beating the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 EPS. On average, research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

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.

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.