State of New Jersey Common Pension Fund D Lowers Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

State of New Jersey Common Pension Fund D trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 65,359 shares of the apparel retailer’s stock after selling 503 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Lululemon Athletica were worth $33,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Lululemon Athletica by 0.5% in the third quarter. Vanguard Group Inc. now owns 7,323,850 shares of the apparel retailer’s stock valued at $2,824,150,000 after acquiring an additional 38,432 shares in the last quarter. Morgan Stanley grew its holdings in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after buying an additional 437,069 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after buying an additional 310,347 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Lululemon Athletica by 11.1% during the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after acquiring an additional 137,454 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Lululemon Athletica by 4.1% during the third quarter. Wellington Management Group LLP now owns 1,339,078 shares of the apparel retailer’s stock valued at $516,362,000 after acquiring an additional 52,348 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LULU. Stifel Nicolaus reissued a “buy” rating and set a $539.00 price objective (down previously from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Truist Financial dropped their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Citigroup lowered their target price on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Barclays reduced their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $481.96.

Lululemon Athletica Trading Up 1.3 %

Shares of NASDAQ:LULU traded up $4.70 on Friday, reaching $364.70. The company had a trading volume of 1,232,710 shares, compared to its average volume of 1,773,002. The firm has a market capitalization of $45.96 billion, a PE ratio of 29.93, a PEG ratio of 1.29 and a beta of 1.30. Lululemon Athletica Inc. has a 52-week low of $326.93 and a 52-week high of $516.39. The firm’s 50 day simple moving average is $412.27 and its 200-day simple moving average is $438.30.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.40 earnings per share. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

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.