Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $302.00

Lululemon Athletica (NASDAQ:LULU) had its price objective hoisted by BMO Capital Markets from $265.00 to $302.00 in a research note released on Friday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the apparel retailer’s stock.

Other equities research analysts also recently issued reports about the company. Evercore ISI increased their price target on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Robert W. Baird boosted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday. Telsey Advisory Group boosted their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday. Finally, Guggenheim boosted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.17.

Lululemon Athletica Trading Up 15.9 %

Shares of NASDAQ LULU opened at $399.60 on Friday. The firm’s 50-day moving average is $305.79 and its 200-day moving average is $287.98. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a market capitalization of $49.06 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm earned $2.53 EPS. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LULU. Larson Financial Group LLC boosted its position in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the third quarter worth $29,000. Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica in the second quarter worth $33,000. Dnca Finance acquired a new stake in Lululemon Athletica in the second quarter valued at $34,000. Finally, HHM Wealth Advisors LLC raised its position in Lululemon Athletica by 66.7% during the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Company Profile

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.