Lululemon Athletica (NASDAQ:LULU) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other analysts have also weighed in on the stock. Wells Fargo & Co dropped their target price on shares of Lululemon Athletica from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, January 2nd. Buckingham Research upgraded shares of Lululemon Athletica from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. Wolfe Research reiterated an “outperform” rating and set a $182.00 target price (up from $177.00) on shares of Lululemon Athletica in a report on Tuesday, January 15th. Stifel Nicolaus upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Monday, December 17th. Finally, MKM Partners increased their target price on shares of Lululemon Athletica from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica presently has a consensus rating of “Buy” and an average price target of $160.94.

Shares of NASDAQ:LULU opened at $141.79 on Friday. Lululemon Athletica has a 12-month low of $77.97 and a 12-month high of $164.79. The stock has a market cap of $19.07 billion, a PE ratio of 54.75, a P/E/G ratio of 1.72 and a beta of 0.51.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 244,539 shares of the firm’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $149.83, for a total value of $36,639,278.37. Following the completion of the sale, the insider now directly owns 3,852 shares in the company, valued at $577,145.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dennis J. Wilson sold 847,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $136.53, for a total transaction of $115,640,910.00. Following the transaction, the insider now directly owns 3,852 shares of the company’s stock, valued at approximately $525,913.56. The disclosure for this sale can be found here. Insiders sold 2,914,928 shares of company stock valued at $414,622,960 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its stake in Lululemon Athletica by 184.3% in 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 in the last quarter. Janney Montgomery Scott LLC boosted its stake in Lululemon Athletica by 27.8% in 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 in the last quarter. Commonwealth Equity Services LLC boosted its stake in Lululemon Athletica by 9.0% in 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 in the last quarter. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 12,928 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 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 purchasing an additional 17,834 shares in the last quarter. 78.47% of the stock is owned by institutional investors and hedge funds.

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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