Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, KeyCorp Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target upped by KeyCorp from $350.00 to $400.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel retailer’s stock. KeyCorp’s price objective would indicate a potential upside of 0.10% from the stock’s current price.

Several other equities analysts also recently commented on the company. Raymond James boosted their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday. Barclays lowered their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. TD Cowen boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday. Finally, Guggenheim cut their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $379.52.

Lululemon Athletica Trading Up 15.9 %

Shares of NASDAQ:LULU opened at $399.60 on Friday. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The company has a market cap 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. The stock has a 50 day moving average of $305.79 and a 200 day moving average of $288.07.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds have recently bought and sold shares of LULU. Larson Financial Group LLC lifted its position in shares of Lululemon Athletica by 78.2% during the second 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 last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica in the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Lululemon Athletica in the 2nd quarter valued at about $33,000. Finally, Dnca Finance bought a new position in Lululemon Athletica in the 2nd quarter worth about $34,000. 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.