Treasurer of the State of North Carolina Sells 1,120 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Treasurer of the State of North Carolina reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,025 shares of the apparel retailer's stock after selling 1,120 shares during the period. Treasurer of the State of North Carolina's holdings in Lululemon Athletica were worth $20,277,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in shares of Lululemon Athletica by 2.0% in the 4th quarter. Bessemer Group Inc. now owns 22,335 shares of the apparel retailer's stock valued at $8,541,000 after buying an additional 435 shares during the period. DRW Securities LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at approximately $268,000. APG Asset Management N.V. boosted its holdings in shares of Lululemon Athletica by 577.1% in the 4th quarter. APG Asset Management N.V. now owns 75,240 shares of the apparel retailer's stock worth $27,786,000 after purchasing an additional 64,128 shares in the last quarter. Sellaronda Global Management LP bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $10,325,000. Finally, Greenland Capital Management LP bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $1,641,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial reduced their target price on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Raymond James restated a "market perform" rating and set a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. reduced their price target on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $371.72.

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Lululemon Athletica Trading Up 0.5 %

Shares of LULU traded up $1.15 during midday trading on Thursday, reaching $250.52. The stock had a trading volume of 769,436 shares, compared to its average volume of 2,226,071. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a 50 day simple moving average of $323.24 and a 200-day simple moving average of $338.41. The firm has a market cap of $30.22 billion, a PE ratio of 18.14, a P/E/G ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm earned $5.29 EPS. The business's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

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.