Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $430.00 by Analysts at Needham & Company LLC

Lululemon Athletica (NASDAQ:LULU) had its price target reduced by equities researchers at Needham & Company LLC from $475.00 to $430.00 in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s price target would indicate a potential upside of 27.46% from the stock’s previous close.

LULU has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Guggenheim lifted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $445.00 price objective on shares of Lululemon Athletica in a research note on Thursday, March 20th. Finally, Robert W. Baird increased their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.55.

Lululemon Athletica Stock Up 0.7 %

LULU opened at $337.35 on Wednesday. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. The firm has a 50-day moving average price of $367.61 and a 200-day moving average price of $338.66. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated 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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds and other institutional investors have recently modified their holdings of the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the period. 85.20% of the stock is owned by 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.