State of Alaska Department of Revenue Raises Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

State of Alaska Department of Revenue boosted its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 60.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,630 shares of the apparel retailer's stock after purchasing an additional 7,750 shares during the quarter. State of Alaska Department of Revenue's holdings in lululemon athletica were worth $5,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in LULU. Price T Rowe Associates Inc. MD raised its stake in 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 worth $1,854,160,000 after buying an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in lululemon athletica during the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. purchased a new position in shares of lululemon athletica in the 4th quarter valued at $370,062,000. Alliancebernstein L.P. raised its position in shares of lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of lululemon athletica by 37,062.1% during the 1st 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 last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Stock Down 0.5%

Shares of LULU stock traded down $1.18 on Friday, hitting $227.47. The company had a trading volume of 4,892,900 shares, compared to its average volume of 2,253,052. lululemon athletica inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market cap of $27.26 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.26. The company has a 50-day moving average price of $282.39 and a 200-day moving average price of $333.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) 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 company 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 company posted $2.54 earnings per share. lululemon athletica's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. William Blair reaffirmed an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. Truist Financial decreased their target price on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Bank of America cut their price target on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, BMO Capital Markets reduced their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. One 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 company. Based on data from MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica 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.