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

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued to investors on Monday, MarketBeat reports. They presently have a $220.00 target price on the apparel retailer’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 35.42% from the stock’s current price.

A number of other brokerages also recently issued reports on LULU. TD Securities lifted their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Piper Sandler lifted their price target on shares of Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Guggenheim decreased their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Finally, Citigroup decreased their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $357.84.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $340.66 on Monday. The stock has a market capitalization of $41.83 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. The company has a 50 day moving average price of $300.23 and a 200 day moving average price of $287.02. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently made changes to their positions in LULU. Larson Financial Group LLC grew its stake in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth $29,000. Versant Capital Management Inc grew its stake in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth $33,000. 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.