Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $440.00 at Robert W. Baird

Lululemon Athletica (NASDAQ:LULU) had its target price hoisted by Robert W. Baird from $380.00 to $440.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the apparel retailer’s stock.

Other equities research analysts have also recently issued reports about the company. TD Securities raised their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus cut their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Truist Financial lifted their price objective on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $374.17.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $399.60 on Friday. The company has a market cap of $49.06 billion, a PE ratio of 28.85, a P/E/G ratio of 2.50 and a beta of 1.23. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39. The company has a fifty day moving average price of $305.79 and a two-hundred day moving average price of $287.98.

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

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the company’s 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 transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of large investors have recently made changes to their positions in LULU. Larson Financial Group LLC increased its holdings in shares of 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 during the period. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC increased its holdings in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at about $33,000. Finally, Dnca Finance acquired 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.