Teachers Retirement System of The State of Kentucky Trims Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 65.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,567 shares of the apparel retailer's stock after selling 15,925 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lululemon Athletica were worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LULU. Value Star Asset Management Hong Kong Ltd boosted its holdings in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares during the period. Geode Capital Management LLC lifted its holdings 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 buying an additional 44,294 shares during the period. American Century Companies Inc. grew its position in shares of Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer's stock worth $528,429,000 after buying an additional 82,731 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock valued at $310,763,000 after buying an additional 37,239 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Lululemon Athletica by 74,856.2% during the third 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 in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on 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 transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Trading Down 0.5 %

NASDAQ:LULU traded down $1.89 during mid-day trading on Monday, reaching $389.74. The company's stock had a trading volume of 1,493,730 shares, compared to its average volume of 2,119,593. The firm's fifty day moving average price is $318.81 and its two-hundred day moving average price is $291.39. The stock has a market cap of $47.85 billion, a P/E ratio of 28.28, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating 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 the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Lululemon Athletica Inc. will post 14.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial lifted their price target on shares of Lululemon Athletica from $360.00 to $420.00 and gave the company a "buy" rating in a report on Friday, December 6th. Citigroup boosted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets increased their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. UBS Group lifted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.