Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,018 shares of the apparel retailer’s stock after selling 1,017 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lululemon Athletica were worth $9,185,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth about $370,062,000. Maverick Capital Ltd. purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $93,476,000. The Manufacturers Life Insurance Company boosted its stake in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after acquiring an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $81,405,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after acquiring an additional 230,349 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $322.62 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a 50 day moving average price of $369.92 and a 200 day moving average price of $336.38. The company has a market capitalization of $39.29 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LULU. TD Cowen raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Citigroup decreased their price target on shares of Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Truist Financial raised their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $397.10.

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.