TD Cowen Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price objective hoisted by TD Cowen from $382.00 to $383.00 in a report released on Thursday. TD Cowen’s target price would indicate a potential upside of 11.36% from the stock’s current price.

A number of other research analysts have also issued reports on LULU. Raymond James dropped their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Monday, September 2nd. Needham & Company LLC initiated coverage on Lululemon Athletica in a report on Friday, November 22nd. They set a “hold” rating on the stock. Morgan Stanley upped their price objective on Lululemon Athletica from $314.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Guggenheim decreased their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Piper Sandler boosted their target price on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $359.56.

Lululemon Athletica Trading Up 0.5 %

LULU stock traded up $1.67 during trading on Thursday, hitting $343.94. 1,282,356 shares of the company’s stock were exchanged, compared to its average volume of 2,072,003. The business has a 50-day moving average price of $301.88 and a two-hundred day moving average price of $287.41. The stock has a market capitalization of $42.23 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.49 and a beta of 1.23. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $516.39.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Trust bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $785,000. Synovus Financial Corp raised its position in shares of Lululemon Athletica by 46.4% during the 3rd quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock valued at $1,137,000 after acquiring an additional 1,329 shares during the last quarter. Tidal Investments LLC raised its position in shares of Lululemon Athletica by 19.0% during the 3rd quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after acquiring an additional 1,822 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $249,000. Finally, Sfmg LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $2,984,000. 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.