Teachers Retirement System of The State of Kentucky Sells 88,372 Shares of lululemon athletica inc. (NASDAQ:LULU)

Teachers Retirement System of The State of Kentucky reduced its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 91.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,695 shares of the apparel retailer's stock after selling 88,372 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in lululemon athletica were worth $2,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in lululemon athletica during the fourth quarter valued at approximately $523,520,000. Alliancebernstein L.P. raised its position in lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the period. GAMMA Investing LLC boosted its holdings in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after acquiring an additional 561,491 shares during the period. Finally, Capital World Investors increased its position in shares of lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

LULU traded down $5.34 on Thursday, hitting $218.69. 3,468,988 shares of the company were exchanged, compared to its average volume of 3,084,931. The business's fifty day moving average is $262.08 and its 200 day moving average is $307.52. The firm has a market capitalization of $26.21 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. lululemon athletica inc. has a fifty-two week low of $218.45 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business earned $2.54 earnings per share. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. Analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Argus lowered lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Stifel Nicolaus cut their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. TD Securities raised their price target on shares of lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Barclays cut their price objective on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $337.53.

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.