Brokerages Set Lululemon Athletica Inc. (NASDAQ:LULU) Price Target at $377.63

Lululemon Athletica Inc. (NASDAQ:LULU) has been given a consensus rating of “Moderate Buy” by the thirty brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $377.63.

Several brokerages recently issued reports on LULU. Needham & Company LLC reiterated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently made changes to their positions in LULU. Hantz Financial Services Inc. bought a new stake in Lululemon Athletica in the 2nd quarter valued at $77,000. Rothschild Investment LLC bought a new position in Lululemon Athletica during the second quarter worth about $293,000. Valmark Advisers Inc. raised its stake in Lululemon Athletica by 4.8% in the 2nd quarter. Valmark Advisers Inc. now owns 2,814 shares of the apparel retailer’s stock worth $841,000 after purchasing an additional 128 shares in the last quarter. Financial Counselors Inc. boosted its holdings in Lululemon Athletica by 1.2% in the 2nd quarter. Financial Counselors Inc. now owns 17,243 shares of the apparel retailer’s stock valued at $5,150,000 after purchasing an additional 210 shares during the period. Finally, United Asset Strategies Inc. acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $666,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

LULU opened at $378.18 on Wednesday. The firm’s fifty day moving average is $347.22 and its two-hundred day moving average is $298.82. The firm has a market cap of $46.06 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $502.00.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the business posted $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Lululemon Athletica will post 14.17 EPS for the current fiscal year.

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.