Lululemon Athletica's (LULU) Outperform Rating Reaffirmed at Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULU - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $445.00 price objective on the apparel retailer's stock. Telsey Advisory Group's price objective would suggest a potential upside of 32.85% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Finally, Barclays lifted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $397.10.

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Lululemon Athletica Trading Up 3.8 %

Shares of LULU stock traded up $12.34 during trading hours on Thursday, reaching $334.96. 1,702,839 shares of the company's stock were exchanged, compared to its average volume of 2,080,381. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The stock has a market cap of $40.79 billion, a PE ratio of 24.18, a PEG ratio of 2.22 and a beta of 1.21. The stock's fifty day moving average price is $368.64 and its two-hundred day moving average price is $338.07.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 6,198 shares in the company, 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 the SEC website. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

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.