Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by research analysts at Telsey Advisory Group from $360.00 to $430.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 24.71% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Citigroup cut their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Raymond James lifted their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday. TD Cowen dropped their target price on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Evercore ISI raised their price target on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company lowered their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.55.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $344.81 on Friday. The firm’s 50 day moving average price is $303.40 and its two-hundred day moving average price is $287.81. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a market cap of $42.33 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.49 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, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 EPS. On average, research analysts forecast that Lululemon Athletica will post 13.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the 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 in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Value Star Asset Management Hong Kong Ltd boosted its holdings in Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Lululemon Athletica in the third quarter valued at $93,476,000. The Manufacturers Life Insurance Company raised its stake in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after acquiring an additional 305,302 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new position in shares of Lululemon Athletica during the third quarter valued at $81,405,000. Institutional investors 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.