16,600 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,600 shares of the apparel retailer's stock, valued at approximately $8,487,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. Valley National Advisers Inc. increased its position in shares of Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $27,000. Bogart Wealth LLC increased its position in shares of Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $31,000. Finally, Founders Capital Management acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $39,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares of the company's stock, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

LULU has been the subject of several research analyst reports. Truist Financial lowered their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a "buy" rating for the company in a report on Monday, March 25th. Sanford C. Bernstein upped their target price on shares of Lululemon Athletica from $400.00 to $430.00 and gave the company a "market perform" rating in a report on Thursday, January 4th. TD Cowen lowered their target price on shares of Lululemon Athletica from $553.00 to $515.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Wedbush decreased their price target on shares of Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Finally, Evercore ISI decreased their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $485.39.

Lululemon Athletica Stock Performance

NASDAQ:LULU traded down $13.79 during mid-day trading on Friday, hitting $336.13. 2,664,781 shares of the company's stock traded hands, compared to its average volume of 3,067,360. The firm's 50 day simple moving average is $432.00 and its 200 day simple moving average is $440.13. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The company has a market cap of $42.36 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the firm posted $4.40 EPS. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current fiscal 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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.