JPMorgan Chase & Co. Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its target price lifted by JPMorgan Chase & Co. from $425.00 to $428.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.93% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday. Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. KeyCorp upped their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Guggenheim lifted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, TD Securities increased their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $382.23.

Lululemon Athletica Stock Down 0.1 %

LULU stock opened at $392.92 on Wednesday. The company’s 50-day moving average price is $354.43 and its two-hundred day moving average price is $301.28. The firm has a market cap of $47.85 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results 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 return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Lululemon Athletica will post 14.17 EPS for the current year.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of large investors have recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in shares of Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the period. HHM Wealth Advisors LLC raised its stake in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Capital Market Strategies LLC lifted its position in Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock valued at $314,000 after purchasing an additional 50 shares during the last quarter. Fulton Bank N.A. raised its position in Lululemon Athletica by 2.7% during the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after purchasing an additional 56 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 11.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 60 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

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.