Analysts Set Lululemon Athletica Inc. (NASDAQ:LULU) PT at $399.14

Lululemon Athletica Inc. (NASDAQ:LULU) has been given an average rating of “Moderate Buy” by the twenty-nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $398.83.

LULU has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Piper Sandler upped their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a report on Friday, January 10th. Finally, TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $329.57 on Monday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a 50 day moving average price of $372.75 and a two-hundred day moving average price of $336.02. The company has a market capitalization of $40.14 billion, a P/E ratio of 23.80, a PEG ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Alliancebernstein L.P. boosted its holdings in Lululemon Athletica by 14.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC raised its position in Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors raised its position in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock valued at $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Lululemon Athletica by 31.0% in the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.