Telsey Advisory Group Reiterates Market Perform Rating for lululemon athletica (NASDAQ:LULU)

lululemon athletica (NASDAQ:LULU)‘s stock had its “market perform” rating reaffirmed by equities researchers at Telsey Advisory Group in a note issued to investors on Monday,Benzinga reports. They presently have a $200.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 9.72% from the stock’s current price.

LULU has been the topic of several other reports. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 target price on the stock. in a report on Thursday, October 16th. BNP Paribas upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of lululemon athletica in a research note on Friday, November 21st. Robert W. Baird reiterated a “neutral” rating and set a $195.00 target price (down previously from $225.00) on shares of lululemon athletica in a report on Tuesday, September 23rd. Finally, HSBC lowered lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Hold” and an average target price of $214.98.

lululemon athletica Price Performance

NASDAQ LULU opened at $182.28 on Monday. lululemon athletica has a one year low of $159.25 and a one year high of $423.32. The firm has a market cap of $21.61 billion, a P/E ratio of 12.39, a P/E/G ratio of 11.44 and a beta of 1.01. The stock’s 50-day moving average is $173.52 and its 200-day moving average is $203.72.

Insider Transactions at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 68 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in lululemon athletica by 187.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in lululemon athletica in the first quarter valued at $29,000. Blue Trust Inc. grew its position in shares of lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of lululemon athletica during the 2nd quarter worth about $30,000. Institutional investors and hedge funds 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.