Retirement Systems of Alabama Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Retirement Systems of Alabama acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, Holdings Channel reports. The fund acquired 25,379 shares of the apparel retailer’s stock, valued at approximately $12,976,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daymark Wealth Partners LLC grew its stake in shares of Lululemon Athletica by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Lululemon Athletica by 1.9% in the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Lululemon Athletica by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Lululemon Athletica by 11.1% in the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in shares of Lululemon Athletica by 3.3% in the third quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock worth $312,000 after purchasing an additional 26 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Down 1.7 %

Shares of LULU opened at $354.40 on Thursday. The firm has a market cap of $44.66 billion, a PE ratio of 29.03, a P/E/G ratio of 1.27 and a beta of 1.30. The firm has a fifty day simple moving average of $405.40 and a two-hundred day simple moving average of $438.38. Lululemon Athletica Inc. has a 1-year low of $326.93 and a 1-year high of $516.39.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. HSBC cut their target price on Lululemon Athletica from $500.00 to $405.00 in a research note on Wednesday, April 10th. Morgan Stanley cut their target price on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Evercore ISI cut their price objective on Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research report on Friday, April 5th. Finally, Sanford C. Bernstein cut their price objective on Lululemon Athletica from $430.00 to $384.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $476.57.

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.