BidaskClub cut shares of Lululemon Athletica (NASDAQ:LULU) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other analysts also recently issued research reports about the stock. Citigroup raised shares of Lululemon Athletica from a neutral rating to a buy rating and set a $152.00 target price on the stock in a report on Wednesday, December 12th. Guggenheim reaffirmed a buy rating and issued a $165.00 target price on shares of Lululemon Athletica in a report on Thursday, December 6th. Stifel Nicolaus raised shares of Lululemon Athletica from a hold rating to a buy rating and set a $151.00 target price on the stock in a report on Monday, December 17th. MKM Partners set a $177.00 target price on shares of Lululemon Athletica and gave the company a buy rating in a report on Sunday, December 9th. Finally, Credit Suisse Group lifted their target price on shares of Lululemon Athletica from $164.00 to $170.00 and gave the company an outperform rating in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $160.94.

Shares of NASDAQ:LULU opened at $141.79 on Friday. The stock has a market capitalization of $19.07 billion, a PE ratio of 54.75, a PEG ratio of 1.72 and a beta of 0.51. Lululemon Athletica has a fifty-two week low of $77.97 and a fifty-two week high of $164.79.

In related news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total transaction of $199,955,000.00. Following the sale, the insider now owns 3,852 shares of the company’s stock, valued at $558,540. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dennis J. Wilson sold 244,539 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $149.83, for a total transaction of $36,639,278.37. Following the sale, the insider now directly owns 3,852 shares in the company, valued at approximately $577,145.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,914,928 shares of company stock worth $414,622,960. 0.32% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of LULU. Cambridge Investment Research Advisors Inc. increased its position in Lululemon Athletica by 184.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,787 shares of the apparel retailer’s stock worth $1,590,000 after purchasing an additional 6,345 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Lululemon Athletica by 27.8% during the third quarter. Janney Montgomery Scott LLC now owns 12,450 shares of the apparel retailer’s stock worth $2,023,000 after purchasing an additional 2,707 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Lululemon Athletica by 9.0% during the third quarter. Commonwealth Equity Services LLC now owns 7,118 shares of the apparel retailer’s stock worth $1,156,000 after purchasing an additional 589 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Lululemon Athletica by 298.2% in the third quarter. SG Americas Securities LLC now owns 17,264 shares of the apparel retailer’s stock worth $2,805,000 after acquiring an additional 12,928 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lululemon Athletica by 5.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 359,608 shares of the apparel retailer’s stock worth $58,433,000 after acquiring an additional 17,834 shares in the last quarter. 78.47% of the stock is 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, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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