Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, TD Securities Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by stock analysts at TD Securities from $382.00 to $383.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. TD Securities’ price objective would indicate a potential upside of 11.90% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Oppenheimer reduced their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company cut their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Truist Financial upped their price target on Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Telsey Advisory Group lowered their price objective on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Finally, Bank of America lowered their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $357.84.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $342.27 on Tuesday. The stock’s fifty day moving average is $301.88 and its two-hundred day moving average is $287.41. The firm has a market capitalization of $42.02 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC grew its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Lululemon Athletica during the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC grew its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Lululemon Athletica during the 2nd quarter valued at $33,000. Finally, Dnca Finance acquired a new stake in Lululemon Athletica during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

About Lululemon Athletica

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.