Lululemon Athletica Inc. (NASDAQ:LULU) Receives $391.00 Average PT from Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been assigned a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $395.67.

Several brokerages recently issued reports on LULU. Raymond James restated an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Evercore ISI lifted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer dropped 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. JPMorgan Chase & Co. lifted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th.

Lululemon Athletica Stock Performance

Shares of LULU opened at $409.42 on Friday. Lululemon Athletica has a one year low of $226.01 and a one year high of $491.30. The stock has a 50-day moving average price of $370.46 and a 200 day moving average price of $308.53. The company has a market capitalization of $49.86 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. As a group, equities research analysts forecast that Lululemon Athletica will post 14.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s 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 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. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently bought and sold shares of LULU. Geode Capital Management LLC grew its holdings in shares of Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Legal & General Group Plc lifted its position in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lululemon Athletica by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after acquiring an additional 19,808 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after buying an additional 185,440 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.