Lululemon Athletica (NASDAQ:LULU) Given New $430.00 Price Target at Needham & Company LLC

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

Several other brokerages have also recently issued reports on LULU. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Citigroup lowered their target price on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. One investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $395.55.

Lululemon Athletica Stock Performance

LULU stock opened at $337.35 on Wednesday. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The company’s 50-day simple moving average is $367.61 and its 200 day simple moving average is $338.66. The company has a market capitalization of $41.08 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $275,000. Rockefeller Capital Management L.P. increased its holdings in Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC grew its position in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. lifted its stake in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new position in Lululemon Athletica during the fourth quarter valued at $17,775,000. Institutional investors own 85.20% of the company’s stock.

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.