Teacher Retirement System of Texas Raises Position in lululemon athletica inc. (NASDAQ:LULU)

Teacher Retirement System of Texas boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 223.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,355 shares of the apparel retailer's stock after acquiring 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new position in lululemon athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new position in lululemon athletica in the 4th quarter valued at about $30,000. MV Capital Management Inc. boosted its holdings in lululemon athletica by 66.1% in the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 37 shares during the last quarter. Garde Capital Inc. acquired a new position in lululemon athletica in the 1st quarter valued at about $35,000. Finally, True Wealth Design LLC boosted its holdings in lululemon athletica by 193.0% in the 4th quarter. True Wealth Design LLC now owns 126 shares of the apparel retailer's stock valued at $48,000 after purchasing an additional 83 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

lululemon athletica Trading Down 4.1%

Shares of NASDAQ LULU traded down $10.11 during mid-day trading on Monday, reaching $237.57. The company had a trading volume of 3,305,078 shares, compared to its average volume of 2,331,585. The firm has a 50 day simple moving average of $277.60 and a two-hundred day simple moving average of $321.50. The stock has a market cap of $28.47 billion, a P/E ratio of 16.10, a PEG ratio of 2.10 and a beta of 1.17. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32.

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

Analyst Upgrades and Downgrades

LULU has been the topic of several recent analyst reports. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 target price (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. KeyCorp decreased their price objective on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Cfra Research upgraded shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Evercore ISI upped their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Truist Financial decreased their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.