New York State Teachers Retirement System Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

New York State Teachers Retirement System lessened its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,458 shares of the apparel retailer's stock after selling 9,098 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Lululemon Athletica worth $35,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SeaCrest Wealth Management LLC lifted its position in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 26 shares during the last quarter. Mather Group LLC. boosted its position in shares of Lululemon Athletica by 21.1% in the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock valued at $68,000 after purchasing an additional 31 shares during the period. Adirondack Trust Co. raised its holdings in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer's stock valued at $249,000 after acquiring an additional 40 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock valued at $258,000 after purchasing an additional 42 shares in the last quarter. Finally, First Pacific Financial lifted its stake in Lululemon Athletica by 1.4% in the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock worth $1,184,000 after acquiring an additional 44 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Down 1.3 %

Shares of NASDAQ LULU traded down $4.92 during midday trading on Wednesday, reaching $367.52. The company had a trading volume of 1,421,889 shares, compared to its average volume of 1,625,595. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The firm's fifty day moving average price is $390.12 and its 200-day moving average price is $323.12. The stock has a market cap of $44.76 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 EPS. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on LULU shares. Telsey Advisory Group upped their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective 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. Morgan Stanley raised their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. One 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 data from MarketBeat.com, the company presently 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.