Analysts Set Lululemon Athletica Inc. (NASDAQ:LULU) Price Target at $391.00

Lululemon Athletica Inc. (NASDAQ:LULU) has been assigned an average recommendation of “Moderate Buy” from the thirty analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $395.67.

Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Oppenheimer dropped their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

A number of large investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its stake in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 24 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares during the last quarter. Adirondack Trust Co. boosted its position in shares of Lululemon Athletica by 6.5% in the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 40 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $421.16 on Friday. The stock has a fifty day simple moving average of $374.67 and a two-hundred day simple moving average of $310.08. The firm has a market capitalization of $51.29 billion, a PE ratio of 30.41, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

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.