Bank of America Forecasts Strong Price Appreciation for lululemon athletica (NASDAQ:LULU) Stock

lululemon athletica (NASDAQ:LULU) had its price target boosted by equities research analysts at Bank of America from $185.00 to $220.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s price target would suggest a potential upside of 17.64% from the company’s current price.

LULU has been the subject of a number of other reports. KeyCorp downgraded lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Robert W. Baird restated a “neutral” rating and set a $195.00 price objective (down from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. BTIG Research reaffirmed a “buy” rating and issued a $303.00 price objective on shares of lululemon athletica in a research note on Tuesday, November 25th. Finally, Guggenheim began coverage on lululemon athletica in a research report on Wednesday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and an average price target of $218.02.

lululemon athletica Trading Down 0.3%

NASDAQ LULU opened at $187.01 on Friday. lululemon athletica has a 12 month low of $159.25 and a 12 month high of $423.32. The stock’s 50 day moving average is $173.89 and its 200 day moving average is $203.50. The stock has a market cap of $22.18 billion, a PE ratio of 12.71, a P/E/G ratio of 11.72 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.21 by $0.38. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. On average, analysts forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its holdings in lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in lululemon athletica during the first quarter worth about $29,000. Blue Trust Inc. lifted its stake in shares of lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of lululemon athletica during the 2nd quarter valued at about $30,000. Hedge funds and other 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.