Public Employees Retirement System of Ohio Makes New $28.52 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Public Employees Retirement System of Ohio purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 105,093 shares of the apparel retailer's stock, valued at approximately $28,517,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Lululemon Athletica as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC lifted 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 valued at $31,000 after purchasing an additional 65 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica in the 2nd quarter valued at about $33,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 46 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Down 1.9 %

NASDAQ:LULU traded down $7.69 during trading hours on Tuesday, reaching $397.10. 2,261,518 shares of the stock were exchanged, compared to its average volume of 2,130,555. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The business has a 50-day moving average of $308.46 and a two-hundred day moving average of $288.72. The company has a market capitalization of $48.75 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James boosted their price objective on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Barclays increased their price objective on shares of Lululemon Athletica from $261.00 to $378.00 and gave the company an "equal weight" rating in a research note on Friday. Citigroup lifted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research note on Friday. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $377.63.

Lululemon Athletica 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.