Oppenheimer Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its target price upped by Oppenheimer from $380.00 to $500.00 in a report released on Friday morning, Marketbeat Ratings reports. Oppenheimer currently has an outperform rating on the apparel retailer’s stock.

Other research analysts also recently issued reports about the stock. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, UBS Group raised their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note 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 issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.67.

Lululemon Athletica Stock Down 3.3 %

LULU opened at $398.10 on Friday. The firm has a market capitalization of $48.48 billion, a P/E ratio of 28.74, a PEG ratio of 2.51 and a beta of 1.19. The stock has a fifty day moving average of $386.06 and a 200-day moving average of $315.24. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $29,000. JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in 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. Kestra Investment Management LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $32,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the period. 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.