Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 1.0% in the third quarter, HoldingsChannel.com reports. The fund owned 197,959 shares of the apparel retailer’s stock after selling 2,076 shares during the period. California State Teachers Retirement System’s holdings in Lululemon Athletica were worth $55,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Bridgewater Associates LP lifted its stake in Lululemon Athletica by 27.4% in the 2nd quarter. Bridgewater Associates LP now owns 65,303 shares of the apparel retailer’s stock valued at $17,802,000 after buying an additional 14,025 shares in the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Lululemon Athletica by 2.8% in the third quarter. Achmea Investment Management B.V. now owns 8,420 shares of the apparel retailer’s stock worth $2,354,000 after acquiring an additional 228 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Lululemon Athletica by 9.0% during the second quarter. Apollon Wealth Management LLC now owns 1,909 shares of the apparel retailer’s stock worth $520,000 after purchasing an additional 158 shares in the last quarter. Mitchell Capital Management Co. raised its stake in Lululemon Athletica by 21.1% in the 3rd quarter. Mitchell Capital Management Co. now owns 4,246 shares of the apparel retailer’s stock valued at $1,187,000 after purchasing an additional 739 shares during the last quarter. Finally, Columbia Trust Co 01012016 lifted its holdings in Lululemon Athletica by 16.1% in the 3rd quarter. Columbia Trust Co 01012016 now owns 2,176 shares of the apparel retailer’s stock valued at $608,000 after purchasing an additional 302 shares in the last quarter. 82.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LULU. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lululemon Athletica from $447.00 to $422.00 in a research report on Tuesday, January 10th. Robert W. Baird decreased their target price on shares of Lululemon Athletica from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Monday, March 6th. UBS Group dropped their price target on Lululemon Athletica from $395.00 to $390.00 and set a “neutral” rating for the company in a research report on Friday, December 9th. Piper Sandler reduced their price objective on Lululemon Athletica from $390.00 to $385.00 and set an “overweight” rating on the stock in a research report on Thursday, January 5th. Finally, The Goldman Sachs Group upped their target price on Lululemon Athletica from $383.00 to $431.00 and gave the company a “buy” rating in a report on Friday, December 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.23.

Lululemon Athletica Stock Up 1.4 %

Lululemon Athletica stock opened at $297.40 on Friday. Lululemon Athletica Inc. has a 52-week low of $251.51 and a 52-week high of $410.70. The firm has a market cap of $37.92 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The company’s 50 day moving average is $311.40 and its two-hundred day moving average is $320.99.

Lululemon Athletica Profile

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lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.