Teachers Retirement System of The State of Kentucky Has $37.12 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Teachers Retirement System of The State of Kentucky boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1,033.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,067 shares of the apparel retailer's stock after acquiring an additional 88,500 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of Lululemon Athletica worth $37,120,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Investment Partners Asset Management Inc. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $275,000. Nutshell Asset Management Ltd bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $956,000. Lebenthal Global Advisors LLC lifted its position in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. increased its stake in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth approximately $17,775,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Telsey Advisory Group reduced their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, Citigroup set a $330.00 price objective on shares of Lululemon Athletica and gave the company a "negative" rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.28.

Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $2.52 on Friday, reaching $268.12. The company's stock had a trading volume of 870,761 shares, compared to its average volume of 2,220,056. The business's fifty day moving average price is $307.99 and its 200 day moving average price is $338.07. The company has a market cap of $32.34 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period last year, the firm earned $5.29 EPS. The business's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

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.