New Mexico Educational Retirement Board Sells 100 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

New Mexico Educational Retirement Board reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the apparel retailer’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Lululemon Athletica were worth $2,103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LULU. CWM LLC raised its position in Lululemon Athletica by 13.7% during the 3rd quarter. CWM LLC now owns 3,294 shares of the apparel retailer’s stock worth $894,000 after purchasing an additional 398 shares during the last quarter. V Square Quantitative Management LLC raised its position in Lululemon Athletica by 30.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,181 shares of the apparel retailer’s stock worth $863,000 after purchasing an additional 746 shares during the last quarter. Claro Advisors LLC bought a new position in Lululemon Athletica during the 3rd quarter worth $1,163,000. Richard W. Paul & Associates LLC raised its position in Lululemon Athletica by 497.0% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 3,958 shares of the apparel retailer’s stock worth $1,074,000 after purchasing an additional 3,295 shares during the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in Lululemon Athletica during the 3rd quarter worth $2,245,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Down 6.2 %

Shares of NASDAQ LULU opened at $366.68 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock’s 50 day moving average price is $391.37 and its 200-day moving average price is $320.44. The company has a market capitalization of $44.65 billion, a PE ratio of 26.48, a PEG ratio of 2.51 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LULU. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. Finally, Truist Financial lifted their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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 value of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Company 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.