Lululemon Athletica’s (LULU) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a report issued on Thursday morning,Benzinga reports. They currently have a $445.00 target price on the apparel retailer’s stock.

LULU has been the subject of several other reports. Wells Fargo & Company upped 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 report on Wednesday, January 15th. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley cut their target price on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research report on Wednesday. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Price Performance

LULU opened at $324.45 on Thursday. The company has a fifty day moving average price of $371.38 and a 200-day moving average price of $335.94. The firm has a market capitalization of $39.51 billion, a P/E ratio of 23.43, a price-to-earnings-growth 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.

Insider Activity at Lululemon Athletica

In related 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 transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds and other institutional investors have recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $32,000. Finally, Sound Income Strategies LLC grew its holdings 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 purchasing an additional 65 shares during the period. Hedge funds and other 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.