Public Employees Retirement Association of Colorado Trims Holdings in lululemon athletica inc. (LULU)

Public Employees Retirement Association of Colorado decreased its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,688 shares of the apparel retailer’s stock after selling 2,258 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in lululemon athletica inc. were worth $1,163,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board lifted its holdings in lululemon athletica inc. by 304.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 82,510 shares of the apparel retailer’s stock worth $5,136,000 after buying an additional 62,100 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in lululemon athletica inc. by 5.3% during the 3rd quarter. Victory Capital Management Inc. now owns 299,647 shares of the apparel retailer’s stock worth $18,653,000 after buying an additional 15,056 shares in the last quarter. First Midwest Bank Trust Division acquired a new position in lululemon athletica inc. during the 3rd quarter worth $1,208,000. State of New Jersey Common Pension Fund D lifted its holdings in lululemon athletica inc. by 10.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 54,000 shares of the apparel retailer’s stock worth $3,362,000 after buying an additional 5,000 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in lululemon athletica inc. by 12.5% during the 3rd quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock worth $25,572,000 after buying an additional 45,600 shares in the last quarter. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on LULU shares. Canaccord Genuity set a $41.00 price target on lululemon athletica inc. and gave the company a “sell” rating in a research note on Tuesday, August 29th. Vetr raised lululemon athletica inc. from a “buy” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, August 30th. Nomura reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $59.00 price target on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Citigroup Inc. raised lululemon athletica inc. from a “neutral” rating to a “buy” rating and cut their price target for the company from $61.50 to $60.09 in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $65.67.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at $64.87 on Friday. The stock has a market cap of $8,782.17, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 2.25 and a beta of 0.15. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same period last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. equities research analysts forecast that lululemon athletica inc. will post 2.43 EPS for the current fiscal year.

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lululemon athletica inc. Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

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Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

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