State of New Jersey Common Pension Fund D Sells 503 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

State of New Jersey Common Pension Fund D cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned approximately 0.05% of Lululemon Athletica worth $33,417,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LULU. Valley National Advisers Inc. boosted its stake in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of Lululemon Athletica in the third quarter valued at about $27,000. Bogart Wealth LLC increased its position in Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 54 shares during the period. Morton Brown Family Wealth LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in Lululemon Athletica in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU stock traded up $4.70 on Friday, hitting $364.70. The company had a trading volume of 1,232,710 shares, compared to its average volume of 1,773,002. Lululemon Athletica Inc. has a twelve month low of $326.93 and a twelve month high of $516.39. The stock’s 50-day moving average is $412.27 and its two-hundred day moving average is $438.30. The firm has a market cap of $45.96 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.29 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. Wedbush lowered their target price on shares of Lululemon Athletica from $548.00 to $492.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. TD Cowen dropped their price objective on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Truist Financial reduced their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $539.00 price target (down previously from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Piper Sandler reduced their price objective on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $481.96.

Insider Activity

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

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.