Citigroup Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $330.00

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by Citigroup from $380.00 to $330.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a neutral rating on the apparel retailer’s stock.

A number of other equities research analysts also recently commented on the stock. Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group increased their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Trading Down 0.6 %

Shares of NASDAQ:LULU opened at $322.62 on Thursday. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The company’s 50 day moving average is $369.92 and its two-hundred day moving average is $336.93. The company has a market cap of $39.29 billion, a PE ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

Hedge funds have recently made changes to their positions in the company. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth $275,000. Rockefeller Capital Management L.P. lifted its stake in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the period. Lebenthal Global Advisors LLC lifted its stake in shares of Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. lifted its stake in shares of Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 3,540 shares during the period. Finally, Northeast Investment Management acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $276,000. 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.