Lululemon Athletica Inc. (NASDAQ:LULU) Receives $399.14 Average PT from Brokerages

Lululemon Athletica Inc. (NASDAQ:LULU) has been assigned an average rating of “Moderate Buy” from the twenty-nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twenty have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $399.14.

A number of analysts have issued reports on LULU shares. Barclays boosted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Evercore ISI boosted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Robert W. Baird raised their price objective 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.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’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 directly 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LULU. Symphony Financial Ltd. Co. acquired a new position in Lululemon Athletica in the 3rd quarter valued at $212,000. Tempus Wealth Planning LLC acquired a new position in shares of Lululemon Athletica during the third quarter worth about $262,000. Private Advisor Group LLC increased its stake in shares of Lululemon Athletica by 61.8% during the third quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock worth $4,128,000 after acquiring an additional 5,813 shares during the period. Narwhal Capital Management raised its holdings in Lululemon Athletica by 416.0% during the third quarter. Narwhal Capital Management now owns 3,509 shares of the apparel retailer’s stock worth $952,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Marietta Wealth Management LLC lifted its position in Lululemon Athletica by 19.6% in the third quarter. Marietta Wealth Management LLC now owns 21,555 shares of the apparel retailer’s stock valued at $5,849,000 after purchasing an additional 3,531 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $365.79 on Thursday. The stock’s 50 day simple moving average is $387.32 and its 200-day simple moving average is $327.92. The company has a market cap of $44.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during 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 business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 EPS. On average, equities research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Lululemon Athletica Company Profile

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.