Deutsche Bank Aktiengesellschaft Increases Lululemon Athletica (NASDAQ:LULU) Price Target to $396.00

Lululemon Athletica (NASDAQ:LULU) had its price objective raised by investment analysts at Deutsche Bank Aktiengesellschaft from $292.00 to $396.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential downside of 0.90% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday. Piper Sandler upped their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer decreased their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Citigroup upped their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $377.63.

Lululemon Athletica Price Performance

LULU opened at $399.60 on Monday. The business’s 50-day moving average is $305.79 and its two-hundred day moving average is $287.98. The firm has a market capitalization of $49.06 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued 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 net margin of 17.05% and a return on equity of 42.16%. 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 company posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica will post 14.19 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction 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. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd boosted its position in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares during the period. International Assets Investment Management LLC lifted its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares during the last quarter. Maverick Capital Ltd. bought a new position in Lululemon Athletica in the 3rd quarter worth $93,476,000. The Manufacturers Life Insurance Company lifted its position in Lululemon Athletica by 136.3% during the 3rd 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 during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $81,405,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.