Lululemon Athletica’s (LULU) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research note released on Thursday morning,Benzinga reports. They currently have a $445.00 price objective on the apparel retailer’s stock.

LULU has been the topic of several other research reports. Wells Fargo & Company boosted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Citigroup boosted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group boosted their price target 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. Finally, Evercore ISI boosted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $397.10.

Lululemon Athletica Stock Performance

LULU stock opened at $322.62 on Thursday. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32. The company’s fifty day moving average price is $369.92 and its 200-day moving average price is $336.93. The company has a market capitalization of $39.29 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in the business. Fairtree Asset Management Pty Ltd purchased a new stake in Lululemon Athletica in the fourth quarter worth about $497,000. 111 Capital purchased a new stake in Lululemon Athletica in the fourth quarter worth about $3,362,000. NorthCrest Asset Manangement LLC lifted its stake in Lululemon Athletica by 6.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock worth $458,000 after acquiring an additional 71 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Lululemon Athletica in the fourth quarter worth about $1,912,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $1,257,000. 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.