Lululemon Athletica (NASDAQ:LULU) Given New $245.00 Price Target at Citigroup
Lululemon Athletica (NASDAQ:LULU) had its target price raised by Citigroup from $230.00 to $245.00 in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a neutral rating on the apparel retailer’s stock.
Several other equities research analysts have also recently commented on the company. UBS Group boosted their target price on Lululemon Athletica from $210.00 to $230.00 and gave the stock a neutral rating in a report on Tuesday, December 3rd. Morgan Stanley boosted their target price on Lululemon Athletica from $169.00 to $214.00 and gave the stock an equal weight rating in a report on Friday, December 13th. Wells Fargo & Co boosted their target price on Lululemon Athletica from $230.00 to $260.00 and gave the stock an overweight rating in a report on Wednesday, December 11th. Oppenheimer upped their price target on Lululemon Athletica from $225.00 to $260.00 and gave the company an outperform rating in a report on Tuesday, December 3rd. Finally, Bank of America reaffirmed a buy rating and issued a $268.00 price target (up previously from $230.00) on shares of Lululemon Athletica in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $238.41.
NASDAQ:LULU traded down $2.46 during midday trading on Thursday, hitting $241.25. 1,321,002 shares of the stock were exchanged, compared to its average volume of 1,607,200. Lululemon Athletica has a one year low of $141.01 and a one year high of $247.51. The company has a market capitalization of $31.76 billion, a price-to-earnings ratio of 62.83, a P/E/G ratio of 2.81 and a beta of 0.68. The business has a 50-day moving average price of $230.87 and a two-hundred day moving average price of $203.28. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34.
In other Lululemon Athletica news, Director David M. Mussafer sold 4,673 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $217.00, for a total transaction of $1,014,041.00. Following the sale, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $4,111,499. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stuart Haselden sold 27,451 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $232.78, for a total transaction of $6,390,043.78. Following the sale, the chief operating officer now directly owns 15,247 shares in the company, valued at $3,549,196.66. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its stake in Lululemon Athletica by 49.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,380 shares of the apparel retailer’s stock valued at $4,953,000 after purchasing an additional 7,057 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Lululemon Athletica by 25.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 35,269 shares of the apparel retailer’s stock valued at $8,171,000 after purchasing an additional 7,111 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Lululemon Athletica during the 4th quarter valued at $20,134,000. Vigilant Capital Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $46,000. Finally, Nisa Investment Advisors LLC raised its stake in Lululemon Athletica by 3.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,765 shares of the apparel retailer’s stock valued at $2,494,000 after purchasing an additional 350 shares during the period. 79.82% of the stock is currently owned by institutional investors.
About Lululemon Athletica
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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