Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $411.00

Lululemon Athletica (NASDAQ:LULU) had its price objective raised by Barclays from $378.00 to $411.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have an equal weight rating on the apparel retailer’s stock.

Other equities analysts have also recently issued reports about the company. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Oppenheimer decreased their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. KeyCorp raised their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Piper Sandler lifted their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Trading Up 0.7 %

Shares of LULU opened at $373.70 on Thursday. The company’s 50-day moving average price is $362.61 and its 200 day moving average price is $304.54. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $491.30. The firm has a market cap of $45.51 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica will post 14.18 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value 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. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in LULU. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC grew 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. Armstrong Advisory Group Inc. increased its holdings in Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 76 shares during the period. Asset Dedication LLC increased its holdings in shares of Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares during the period. Finally, Avondale Wealth Management purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $68,000. Institutional investors and hedge funds 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.