Lululemon Athletica (NASDAQ:LULU) Given New $460.00 Price Target at Truist Financial

Lululemon Athletica (NASDAQ:LULU) had its target price upped by Truist Financial from $420.00 to $460.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the apparel retailer’s stock.

Other research analysts have also issued research reports about the stock. TD Securities upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer cut their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Robert W. Baird boosted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Evercore ISI lifted their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $382.73.

Lululemon Athletica Stock Up 0.6 %

LULU opened at $395.47 on Friday. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $491.30. The firm has a market capitalization of $48.16 billion, a P/E ratio of 28.55, a PEG ratio of 2.78 and a beta of 1.18. The stock has a fifty day moving average of $355.92 and a 200-day moving average of $301.79.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 EPS. On average, analysts expect that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its position in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of 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 buying an additional 46 shares during the period. Capital Market Strategies LLC raised its stake in shares of Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after buying an additional 50 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Lululemon Athletica by 2.7% in the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock valued at $574,000 after buying an additional 56 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Lululemon Athletica by 11.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock worth $179,000 after acquiring an additional 60 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.