lululemon athletica (NASDAQ:LULU) Now Covered by Guggenheim

Guggenheim began coverage on shares of lululemon athletica (NASDAQ:LULU) in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage issued a neutral rating on the apparel retailer’s stock.

Other equities analysts have also recently issued reports about the stock. HSBC cut shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research note on Thursday, September 11th. BNP Paribas Exane upgraded lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price objective for the company in a research report on Monday, October 20th. Barclays decreased their target price on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Robert W. Baird reissued a “neutral” rating and set a $195.00 price target (down from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $214.98.

lululemon athletica Price Performance

LULU stock opened at $187.62 on Wednesday. lululemon athletica has a 1-year low of $159.25 and a 1-year high of $423.32. The business has a 50 day simple moving average of $173.72 and a two-hundred day simple moving average of $203.61. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 11.39 and a beta of 1.01.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction 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 sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LULU. IFP Advisors Inc lifted its holdings in shares of lululemon athletica by 53.3% in the 3rd quarter. IFP Advisors Inc now owns 1,754 shares of the apparel retailer’s stock worth $333,000 after acquiring an additional 610 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in lululemon athletica by 38.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 44,470 shares of the apparel retailer’s stock valued at $7,913,000 after purchasing an additional 12,261 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in lululemon athletica in the 3rd quarter worth about $240,000. Greenfield Seitz Capital Management LLC lifted its stake in lululemon athletica by 6.9% in the third quarter. Greenfield Seitz Capital Management LLC now owns 6,184 shares of the apparel retailer’s stock worth $1,100,000 after purchasing an additional 400 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of lululemon athletica by 45.2% during the third quarter. Centaurus Financial Inc. now owns 2,040 shares of the apparel retailer’s stock valued at $363,000 after buying an additional 635 shares during the period. 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.