lululemon athletica inc. (NASDAQ:LULU) Stock Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 223.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,355 shares of the apparel retailer's stock after buying an additional 14,762 shares during the quarter. Teacher Retirement System of Texas' holdings in lululemon athletica were worth $6,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LULU. Brighton Jones LLC purchased a new position in lululemon athletica during the fourth quarter worth about $429,000. Assetmark Inc. lifted its position in lululemon athletica by 2.0% during the fourth quarter. Assetmark Inc. now owns 1,651 shares of the apparel retailer's stock worth $631,000 after buying an additional 33 shares during the period. Proficio Capital Partners LLC purchased a new position in lululemon athletica during the fourth quarter worth about $35,389,000. Raymond James Financial Inc. purchased a new position in lululemon athletica during the fourth quarter worth about $44,318,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in lululemon athletica during the fourth quarter worth about $823,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Trading Down 1.1%

Shares of lululemon athletica stock traded down $2.65 on Wednesday, reaching $235.89. 3,228,850 shares of the company were exchanged, compared to its average volume of 2,338,964. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The stock has a fifty day moving average price of $275.63 and a 200-day moving average price of $319.36.

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

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Truist Financial cut their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Bank of America cut their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a report on Friday, June 6th. TD Securities increased their target price on lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 target price (down previously from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. Finally, BMO Capital Markets reduced their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.26.

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.