Evercore ISI Raises Lululemon Athletica (NASDAQ:LULU) Price Target to $495.00

Lululemon Athletica (NASDAQ:LULU) had its target price raised by Evercore ISI from $440.00 to $495.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the apparel retailer’s stock.

A number of other research firms have also commented on LULU. Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective 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. TD Cowen upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Guggenheim upped their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Citigroup upped their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.67.

Lululemon Athletica Stock Up 1.6 %

NASDAQ:LULU opened at $409.42 on Tuesday. The company has a fifty day moving average of $370.46 and a 200 day moving average of $308.53. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $491.30. The firm 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 posted its quarterly 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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. 0.48% of the stock is owned by company insiders.

Institutional Trading of Lululemon Athletica

Institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its holdings in shares of Lululemon Athletica by 70.9% in the second quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock worth $1,308,000 after buying an additional 1,816 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Lululemon Athletica by 13.8% in the second quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock worth $3,238,000 after buying an additional 1,314 shares during the last quarter. Creative Planning boosted its holdings in shares of Lululemon Athletica by 122.2% in the second quarter. Creative Planning now owns 32,863 shares of the apparel retailer’s stock worth $9,816,000 after buying an additional 18,070 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lululemon Athletica by 9.8% in the second quarter. NewEdge Advisors LLC now owns 6,766 shares of the apparel retailer’s stock worth $2,021,000 after buying an additional 604 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Lululemon Athletica by 6.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,306 shares of the apparel retailer’s stock worth $2,481,000 after buying an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.