Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $360.00

Lululemon Athletica (NASDAQ:LULU) had its price objective upped by UBS Group from $315.00 to $360.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research note on Friday. Citigroup cut their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Truist Financial lifted their target price on shares of Lululemon Athletica from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Friday. TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $374.17.

Lululemon Athletica Price Performance

LULU stock opened at $399.60 on Friday. The company has a 50 day moving average price of $305.79 and a 200 day moving average price of $287.98. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock 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 earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 earnings per share. As a group, equities analysts expect that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were 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 owns 6,198 shares of the company’s stock, 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 is accessible through this hyperlink. Company 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 business. Larson Financial Group LLC increased its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the third quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $33,000. Dnca Finance bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $34,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.