Lululemon Athletica Inc. (NASDAQ:LULU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lululemon Athletica Inc. (NASDAQ:LULU) has been assigned an average recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $399.14.

Several research firms have commented on LULU. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Robert W. Baird lifted 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. Wells Fargo & Company lifted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Truist Financial lifted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th.

Lululemon Athletica Stock Performance

LULU stock opened at $311.03 on Monday. The stock has a market capitalization of $37.88 billion, a P/E ratio of 22.46, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a one year low of $226.01 and a one year high of $480.94. The company has a 50 day moving average price of $376.79 and a two-hundred day moving average price of $335.14.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on 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 directly owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Lululemon Athletica

A number of institutional investors and hedge funds have recently modified their holdings of LULU. Price T Rowe Associates Inc. MD raised its holdings in shares of Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $370,062,000. Alliancebernstein L.P. raised its holdings in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, Capital World Investors raised its holdings in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.