Lululemon Athletica (NASDAQ:LULU) Given New $330.00 Price Target at Citigroup

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by Citigroup from $380.00 to $330.00 in a report released on Thursday morning, MarketBeat.com reports. Citigroup currently has a neutral rating on the apparel retailer’s stock.

LULU has been the subject of a number of other research reports. UBS Group lifted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Raymond James restated an “outperform” rating and set a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Morgan Stanley cut their target price on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays lifted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, KeyCorp lifted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica Stock 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 firm has a 50-day moving average price of $369.92 and a 200 day moving average price of $336.93. The stock has a market capitalization of $39.29 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter worth $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth about $30,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth about $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter valued at about $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.