Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $383.00 at TD Securities

Lululemon Athletica (NASDAQ:LULU) had its target price raised by TD Securities from $382.00 to $383.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. TD Securities’ target price suggests a potential upside of 13.14% from the stock’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Lululemon Athletica from $314.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Oppenheimer lowered their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Citigroup reduced their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Finally, Needham & Company LLC initiated coverage on shares of Lululemon Athletica in a research report on Friday, November 22nd. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $357.84.

Lululemon Athletica Trading Up 1.2 %

Shares of Lululemon Athletica stock traded up $4.12 during mid-day trading on Tuesday, reaching $338.52. 942,128 shares of the stock were exchanged, compared to its average volume of 2,071,506. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a 50-day simple moving average of $297.19 and a 200 day simple moving average of $287.01. The company has a market cap of $41.56 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.23.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the third quarter worth about $29,000. JFS Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica during the second quarter worth about $33,000. Finally, Dnca Finance purchased a new position in shares of Lululemon Athletica during the second quarter worth about $34,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.