Lululemon Athletica (NASDAQ:LULU) had its target price increased by Morgan Stanley from $82.00 to $85.00 in a report issued on Tuesday. The brokerage currently has an “equal weight” rating on the apparel retailer’s stock. Morgan Stanley’s price objective points to a potential downside of 6.68% from the company’s current price.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. MKM Partners upped their target price on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and set a $95.00 target price on shares of Lululemon Athletica in a report on Friday, February 2nd. Finally, Canaccord Genuity set a $75.00 target price on Lululemon Athletica and gave the company a “hold” rating in a report on Tuesday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $81.61.
Shares of Lululemon Athletica stock opened at $91.08 on Tuesday. The firm has a market capitalization of $12,142.19, a PE ratio of 35.17, a PEG ratio of 2.23 and a beta of 0.19. Lululemon Athletica has a fifty-two week low of $47.26 and a fifty-two week high of $91.84.
In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.47, for a total transaction of $55,943,720.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of LULU. New York State Common Retirement Fund raised its position in Lululemon Athletica by 9.4% during the third quarter. New York State Common Retirement Fund now owns 235,900 shares of the apparel retailer’s stock valued at $14,685,000 after buying an additional 20,300 shares during the period. Schwab Charles Investment Management Inc. increased its position in Lululemon Athletica by 1.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 412,585 shares of the apparel retailer’s stock worth $25,684,000 after purchasing an additional 4,242 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lululemon Athletica by 21.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 382,282 shares of the apparel retailer’s stock worth $23,790,000 after purchasing an additional 67,878 shares during the last quarter. KBC Group NV increased its position in Lululemon Athletica by 42.8% in the 3rd quarter. KBC Group NV now owns 12,471 shares of the apparel retailer’s stock worth $776,000 after purchasing an additional 3,736 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Lululemon Athletica in the 3rd quarter worth about $232,000. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, 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 and running; other sweaty pursuits; and athletic wear for female youth.
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