California Public Employees Retirement System Has $10.84 Million Stake in lululemon athletica inc. (LULU)

California Public Employees Retirement System decreased its position in lululemon athletica inc. (NASDAQ:LULU) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,900 shares of the apparel retailer’s stock after selling 22,700 shares during the period. California Public Employees Retirement System owned about 0.15% of lululemon athletica inc. worth $10,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in lululemon athletica inc. by 4.4% in the fourth quarter. State Street Corp now owns 2,030,419 shares of the apparel retailer’s stock valued at $131,928,000 after buying an additional 85,654 shares in the last quarter. Norges Bank bought a new position in lululemon athletica inc. during the fourth quarter valued at about $78,954,000. Baird Financial Group Inc. increased its position in lululemon athletica inc. by 5.9% in the first quarter. Baird Financial Group Inc. now owns 918,126 shares of the apparel retailer’s stock valued at $47,624,000 after buying an additional 51,324 shares in the last quarter. Janus Capital Management LLC increased its position in lululemon athletica inc. by 14.7% in the fourth quarter. Janus Capital Management LLC now owns 669,947 shares of the apparel retailer’s stock valued at $43,540,000 after buying an additional 85,923 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in lululemon athletica inc. by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 455,662 shares of the apparel retailer’s stock valued at $23,634,000 after buying an additional 9,375 shares in the last quarter. Hedge funds and other institutional investors own 80.49% of the company’s stock.

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

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 55.37 on Friday. The stock has a 50 day moving average of $51.31 and a 200 day moving average of $59.96. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. The company has a market cap of $7.57 billion, a P/E ratio of 26.23 and a beta of 0.15.

lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, equities analysts anticipate that lululemon athletica inc. will post $2.33 earnings per share for the current fiscal year.

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LULU has been the subject of several research analyst reports. Vetr downgraded shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $69.70 price objective for the company. in a research note on Tuesday, March 7th. Oppenheimer Holdings, Inc. set a $75.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research note on Sunday, March 12th. Royal Bank Of Canada set a $80.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research note on Monday, March 20th. MKM Partners reiterated a “buy” rating and set a $90.00 target price on shares of lululemon athletica inc. in a research note on Sunday, March 19th. Finally, Nomura decreased their target price on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.60.

About lululemon athletica inc.

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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