Kentucky Retirement Systems Insurance Trust Fund Sells 291 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,405 shares of the apparel retailer’s stock after selling 291 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Lululemon Athletica were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LULU. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc grew its stake in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica in the third quarter worth about $29,000. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth about $33,000. Finally, Dnca Finance bought a new position in shares of Lululemon Athletica during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the topic of several research analyst reports. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $463.00 to $286.00 in a report on Friday, August 2nd. Citigroup cut their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. TD Cowen lowered their target price on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Guggenheim reduced their price objective on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Stifel Nicolaus dropped their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $357.13.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $320.01 on Monday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The firm has a market cap of $39.29 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.33 and a beta of 1.24. The stock’s fifty day moving average price is $286.35 and its two-hundred day moving average price is $289.45.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm earned $2.68 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

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.