Lululemon Athletica (NASDAQ:LULU) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other analysts have also commented on the company. Nomura reissued a “neutral” rating and set a $157.00 price objective (up from $140.00) on shares of Lululemon Athletica in a report on Tuesday, February 19th. They noted that the move was a valuation call. MKM Partners boosted their price objective on Lululemon Athletica from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, January 16th. Wolfe Research restated an “outperform” rating and issued a $182.00 target price (up previously from $177.00) on shares of Lululemon Athletica in a research note on Tuesday, January 15th. Buckingham Research upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. Finally, Wells Fargo & Co cut their target price on Lululemon Athletica from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica has a consensus rating of “Buy” and a consensus target price of $160.94.

Shares of Lululemon Athletica stock opened at $141.79 on Friday. Lululemon Athletica has a one year low of $77.97 and a one year high of $164.79. The stock has a market capitalization of $19.07 billion, a P/E ratio of 54.75, a PEG ratio of 1.72 and a beta of 0.51.

In related news, major shareholder Dennis J. Wilson sold 847,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $136.53, for a total value of $115,640,910.00. Following the transaction, the insider now owns 3,852 shares in the company, valued at $525,913.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $140.39, for a total value of $62,387,771.71. Following the completion of the transaction, the insider now owns 3,852 shares in the company, valued at approximately $540,782.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,914,928 shares of company stock worth $414,622,960. 0.32% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors Inc. lifted its position in shares of Lululemon Athletica by 42.9% during the third quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock worth $1,620,000 after acquiring an additional 2,993 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Lululemon Athletica by 2,052.2% during the fourth quarter. Optimum Investment Advisors now owns 1,442 shares of the apparel retailer’s stock worth $175,000 after acquiring an additional 1,375 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $314,834,000. Meeder Asset Management Inc. lifted its position in shares of Lululemon Athletica by 9.2% during the fourth quarter. Meeder Asset Management Inc. now owns 8,070 shares of the apparel retailer’s stock worth $981,000 after acquiring an additional 680 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its position in shares of Lululemon Athletica by 60.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 115,386 shares of the apparel retailer’s stock worth $14,032,000 after acquiring an additional 43,389 shares in the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.

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.

Further Reading: Ex-Dividend

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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