lululemon athletica inc. (NASDAQ:LULU) Shares Acquired by Teacher Retirement System of Texas

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

A number of other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of lululemon athletica by 95.7% in the fourth 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 acquiring an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $370,062,000. Alliancebernstein L.P. lifted its holdings in shares of lululemon athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of lululemon athletica by 37,062.1% during the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group cut their price objective on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on lululemon athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Cfra Research upgraded lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, CICC Research restated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $2.63 during trading on Thursday, reaching $238.52. The stock had a trading volume of 2,592,482 shares, compared to its average volume of 2,524,817. lululemon athletica inc. has a one year low of $219.97 and a one year high of $423.32. The stock has a market cap of $28.59 billion, a PE ratio of 16.16, a P/E/G ratio of 2.02 and a beta of 1.17. The firm's 50 day moving average price is $275.63 and its two-hundred day moving average price is $319.36.

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