Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $330.00 by Analysts at Citigroup

Lululemon Athletica (NASDAQ:LULU) had its price objective trimmed by Citigroup from $380.00 to $330.00 in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

Several other analysts also recently commented on LULU. KeyCorp upped their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Oppenheimer boosted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets boosted their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica Price Performance

LULU stock opened at $324.45 on Thursday. The firm’s fifty day simple moving average is $371.38 and its 200-day simple moving average is $335.94. The company has a market capitalization of $39.51 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $480.94.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. 111 Capital purchased a new position in Lululemon Athletica during the fourth quarter worth about $3,362,000. NorthCrest Asset Manangement LLC boosted its stake in Lululemon Athletica by 6.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock worth $458,000 after buying an additional 71 shares during the period. PKO Investment Management Joint Stock Co purchased a new position in Lululemon Athletica during the fourth quarter worth about $1,912,000. Wealthedge Investment Advisors LLC purchased a new position in Lululemon Athletica during the fourth quarter worth about $1,257,000. Finally, Lighthouse Financial LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $765,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.