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

Lululemon Athletica (NASDAQ:LULU) had its price objective lifted by Truist Financial from $360.00 to $420.00 in a report published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the apparel retailer’s stock.

A number of other research analysts also recently issued reports on LULU. Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Raymond James upped their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $379.52.

Lululemon Athletica Stock Up 15.9 %

Shares of Lululemon Athletica stock opened at $399.60 on Friday. The business has a 50-day moving average price of $303.40 and a 200 day moving average price of $287.81. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market cap of $49.06 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Lululemon Athletica will post 13.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.48% of the stock is owned by company insiders.

Institutional Trading of Lululemon Athletica

A number of large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its position in shares of Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. Rockline Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 1.3% during the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after acquiring an additional 43 shares during the period. Larson Financial Group LLC lifted its position 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 valued at $29,000 after acquiring an additional 43 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Finally, WD Rutherford LLC raised its position in Lululemon Athletica by 0.8% during the second quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock valued at $1,918,000 after buying an additional 52 shares during the period. 85.20% of the stock is currently owned by institutional investors.

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.