Lululemon Athletica (NASDAQ:LULU) Receives “Underperform” Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their underperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a report released on Monday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has a $220.00 target price on the apparel retailer’s stock.

Several other equities research analysts have also recently weighed in on LULU. TD Cowen cut their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Morgan Stanley upped their price target on shares of Lululemon Athletica from $314.00 to $345.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. TD Securities lifted their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Truist Financial boosted their price objective on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group reduced their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $357.81.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $334.40 on Monday. The business’s 50 day simple moving average is $297.19 and its 200 day simple moving average is $287.01. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a market capitalization of $41.06 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.33 and a beta of 1.24.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the firm’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 directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake 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 acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the third quarter worth about $29,000. Ridgewood Investments LLC bought a new stake in Lululemon Athletica in the 2nd quarter worth about $33,000. Finally, Dnca Finance purchased a new stake in Lululemon Athletica in the 2nd quarter valued at about $34,000. Institutional investors 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.