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 shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing 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 quarter. 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.

A number of other hedge funds have also recently bought and sold shares of LULU. M&T Bank Corp grew its holdings in shares of Lululemon Athletica by 56.2% during the 3rd quarter. M&T Bank Corp now owns 14,337 shares of the apparel retailer’s stock worth $3,890,000 after purchasing an additional 5,157 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Lululemon Athletica in the third quarter worth $304,000. Neo Ivy Capital Management acquired a new stake in Lululemon Athletica during the third quarter worth $238,000. Sunbelt Securities Inc. increased its holdings in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after buying an additional 42 shares during the period. Finally, Westside Investment Management Inc. raised its stake in shares of Lululemon Athletica by 900.0% in the 3rd quarter. Westside Investment Management Inc. now owns 300 shares of the apparel retailer’s stock valued at $81,000 after buying an additional 270 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LULU shares. Stifel Nicolaus decreased their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating on the stock in a research report on Thursday. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Argus lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. BMO Capital Markets cut their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Finally, Robert W. Baird lowered their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.79.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $261.03 on Friday. The firm’s 50 day moving average price is $332.40 and its two-hundred day moving average price is $339.26. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The stock has a market cap of $31.49 billion, a PE ratio of 18.85, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $5.29 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share 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.