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

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been given an average rating of “Moderate Buy” by the twenty-nine brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $397.10.

Several research analysts recently commented on LULU shares. Wells Fargo & Company raised their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim raised their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group raised their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a report on Thursday. Finally, Evercore ISI raised their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th.

Lululemon Athletica Stock Down 0.6 %

Lululemon Athletica stock opened at $322.62 on Monday. The firm has a 50 day moving average price of $369.92 and a 200-day moving average price of $336.38. The company has a market capitalization of $39.29 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Lululemon Athletica

Hedge funds have recently added to or reduced their stakes in the business. TCTC Holdings LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $26,000. Anderson Financial Strategies LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Finally, Sound Income Strategies LLC raised its stake in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. 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.