Truist Financial Increases Lululemon Athletica (NASDAQ:LULU) Price Target to $420.00

Lululemon Athletica (NASDAQ:LULU) had its target price boosted by Truist Financial from $360.00 to $420.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Truist Financial’s price objective would suggest a potential upside of 5.11% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim cut their price objective on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Raymond James upped their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday. Sanford C. Bernstein cut their price target on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Finally, Evercore ISI increased their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $379.52.

Lululemon Athletica Trading Up 15.9 %

Lululemon Athletica stock opened at $399.60 on Friday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a fifty day simple moving average of $305.79 and a two-hundred day simple moving average of $288.07. The firm has a market cap of $49.06 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last released 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. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.53 EPS. On average, equities research analysts forecast that Lululemon Athletica will post 13.93 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

A number of large investors have recently made changes to their positions in the business. American Trust purchased a new position in Lululemon Athletica in the third quarter worth about $785,000. Synovus Financial Corp lifted its stake in shares of Lululemon Athletica by 46.4% in the 3rd quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock valued at $1,137,000 after purchasing an additional 1,329 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Lululemon Athletica by 19.0% in the 3rd quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock worth $3,095,000 after purchasing an additional 1,822 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at approximately $249,000. Finally, Sfmg LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at approximately $2,984,000. 85.20% of the stock is currently owned by institutional investors.

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.