Wells Fargo & Company Boosts Lululemon Athletica (NASDAQ:LULU) Price Target to $375.00

Lululemon Athletica (NASDAQ:LULU) had its price objective upped by analysts at Wells Fargo & Company from $350.00 to $375.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 3.53% from the stock’s previous close.

Several other equities research analysts have also commented on LULU. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their target price 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. Raymond James lifted their price target on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $386.23.

Lululemon Athletica Stock Down 2.5 %

NASDAQ LULU opened at $388.74 on Wednesday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $491.30. The stock has a market capitalization of $47.34 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.78 and a beta of 1.18. The firm has a 50-day moving average price of $358.92 and a 200 day moving average price of $303.06.

Lululemon Athletica (NASDAQ:LULU) last issued 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. 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 for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $2.53 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % 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 Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents 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 corporate insiders.

Institutional Trading of Lululemon Athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC boosted its position in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Lululemon Athletica by 4.6% during the third 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 period. First Pacific Financial boosted its stake in shares of Lululemon Athletica by 1.4% in the 4th quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock valued at $1,184,000 after purchasing an additional 44 shares during the last quarter. Claro Advisors LLC raised its position in shares of Lululemon Athletica by 5.6% during the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after acquiring an additional 48 shares during the last quarter. Finally, Capital Market Strategies LLC boosted its holdings in Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after buying an additional 50 shares during the last quarter. Institutional investors 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.