Lululemon Athletica (NASDAQ:LULU – Get Free Report) had its target price raised by analysts at Truist Financial from $420.00 to $460.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the apparel retailer’s stock. Truist Financial’s price objective points to a potential upside of 17.39% from the company’s previous close.
Several other analysts have also recently issued reports on the company. TD Cowen upped their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted 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. Robert W. Baird increased their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, UBS Group boosted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $382.73.
View Our Latest Stock Report on Lululemon Athletica
Lululemon Athletica Stock Down 0.3 %
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. As a group, equities analysts forecast that Lululemon Athletica will post 14.17 EPS for the current fiscal year.
Insider Buying and Selling at Lululemon Athletica
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Lululemon Athletica
Several hedge funds have recently modified their holdings of the stock. Paladin Wealth LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. HHM Wealth Advisors LLC raised 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 acquiring an additional 46 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Lululemon Athletica in the 2nd quarter valued at approximately $36,000. Finally, Armstrong Advisory Group Inc. boosted its stake in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.
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.
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