Jefferies Financial Group Reaffirms Underperform Rating for Lululemon Athletica (NASDAQ:LULU)

Jefferies Financial Group reaffirmed their underperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research note issued to investors on Monday morning, Marketbeat.com reports. The brokerage currently has a $220.00 price objective on the apparel retailer’s stock.

Several other analysts have also recently commented on LULU. Wedbush dropped their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Telsey Advisory Group dropped their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. Robert W. Baird boosted their price target on Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. UBS Group dropped their price target on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus dropped their price target on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $357.84.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $342.27 on Monday. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.43 and a beta of 1.23. The stock has a 50 day simple moving average of $301.88 and a 200-day simple moving average of $287.41. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $516.39.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lululemon Athletica

Hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $29,000. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica in the 2nd quarter valued at about $33,000. Finally, Dnca Finance purchased a new position in shares of Lululemon Athletica in the 2nd quarter valued at about $34,000. 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.