Kentucky Retirement Systems Insurance Trust Fund Invests $956,000 in lululemon athletica inc. (NASDAQ:LULU)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,379 shares of the apparel retailer's stock, valued at approximately $956,000.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC bought a new stake in shares of lululemon athletica during the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica during the 4th quarter worth about $30,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of lululemon athletica in the 4th quarter valued at about $32,000. Garde Capital Inc. bought a new stake in lululemon athletica in the 1st quarter valued at about $35,000. Finally, MV Capital Management Inc. raised its stake in lululemon athletica by 66.1% during the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Telsey Advisory Group reissued an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a report on Monday, June 2nd. Raymond James Financial reaffirmed a "market perform" rating and issued a $430.00 price objective on shares of lululemon athletica in a research report on Friday, March 28th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. Finally, Argus cut lululemon athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Up 3.3%

Shares of NASDAQ LULU traded up $7.37 during mid-day trading on Tuesday, reaching $232.93. 3,743,924 shares of the company were exchanged, compared to its average volume of 2,267,311. The company's 50 day moving average price is $281.04 and its 200 day moving average price is $330.96. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32. The stock has a market capitalization of $27.92 billion, a PE ratio of 15.78, a PEG ratio of 2.09 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.54 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

lululemon athletica Company 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.