Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Evercore ISI Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its target price raised by stock analysts at Evercore ISI from $300.00 to $355.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Evercore ISI’s target price points to a potential upside of 4.21% from the company’s current price.

A number of other equities analysts have also recently issued reports on LULU. Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Robert W. Baird upped their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. TD Cowen reduced their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Morgan Stanley upped their price objective on shares of Lululemon Athletica from $314.00 to $345.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $357.84.

Lululemon Athletica Trading Up 1.9 %

Shares of NASDAQ:LULU opened at $340.66 on Monday. The firm has a 50 day moving average of $300.23 and a 200-day moving average of $287.02. The stock has a market capitalization of $41.83 billion, a PE ratio of 26.33, a PEG ratio of 2.43 and a beta of 1.23. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value 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. 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 through this link. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Lululemon Athletica

A number of hedge funds have recently modified their holdings of LULU. Value Star Asset Management Hong Kong Ltd increased its position in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the period. American Century Companies Inc. boosted its stake in Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after buying an additional 82,731 shares during the period. Legal & General Group Plc boosted its stake in Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares during the period. 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.