Illinois Municipal Retirement Fund Sells 3,133 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Illinois Municipal Retirement Fund trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 28,667 shares of the apparel retailer’s stock after selling 3,133 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lululemon Athletica were worth $10,963,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Shepherd Financial Partners LLC bought a new stake in Lululemon Athletica in the 3rd quarter worth about $953,000. Investment Partners Asset Management Inc. bought a new stake in Lululemon Athletica in the 4th quarter worth about $275,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock worth $1,844,000 after buying an additional 4,564 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer’s stock worth $549,000 after buying an additional 1,815 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on LULU. Telsey Advisory Group boosted their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Price Performance

Shares of LULU opened at $366.72 on Wednesday. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The business’s 50 day simple moving average is $387.44 and its 200-day simple moving average is $327.65.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.