Lululemon Athletica (NASDAQ:LULU) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a market perform rating to an outperform rating in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have $460.00 price objective on the apparel retailer’s stock, up from their prior price objective of $360.00.

Several other research firms have also recently commented on LULU. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $338.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Oppenheimer reduced their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $382.23.

Lululemon Athletica Stock Down 0.1 %

Shares of NASDAQ LULU opened at $392.92 on Tuesday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $491.30. The business’s 50 day moving average is $354.43 and its two-hundred day moving average is $301.28. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. Analysts anticipate that Lululemon Athletica will post 14.17 EPS for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in Lululemon Athletica by 4.6% during 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 last quarter. Larson Financial Group LLC raised 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 worth $29,000 after purchasing an additional 43 shares during the period. HHM Wealth Advisors LLC lifted its stake 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 purchasing an additional 46 shares in the last quarter. Capital Market Strategies LLC grew its holdings in shares of Lululemon Athletica by 6.5% during the 4th quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after purchasing an additional 50 shares during the period. Finally, Fulton Bank N.A. increased its position in Lululemon Athletica by 2.7% during the 3rd quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock worth $574,000 after purchasing an additional 56 shares in 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.