Analysts Set Lululemon Athletica Inc. (NASDAQ:LULU) Price Target at $399.14

Lululemon Athletica Inc. (NASDAQ:LULU) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $397.10.

Several brokerages have recently commented on LULU. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. TD Securities boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Barclays boosted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley reduced their price target on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Lululemon Athletica Trading Down 0.6 %

Shares of NASDAQ:LULU opened at $322.62 on Monday. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a 50-day moving average price of $369.92 and a 200-day moving average price of $336.38. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently modified their holdings of the company. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $32,000. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.