Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $425.00 at JPMorgan Chase & Co.

Lululemon Athletica (NASDAQ:LULU) had its target price boosted by JPMorgan Chase & Co. from $338.00 to $425.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the apparel retailer’s stock.

A number of other research analysts also recently weighed in on LULU. Wells Fargo & Company reduced their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Lululemon Athletica in a report on Friday. Citigroup dropped their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. UBS Group decreased their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.17.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $399.60 on Friday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a market capitalization of $49.06 billion, a PE ratio of 28.85, a PEG ratio of 2.50 and a beta of 1.23. The business’s 50-day moving average is $305.79 and its 200 day moving average is $287.98.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. As a group, equities research analysts anticipate that Lululemon Athletica will post 13.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LULU. Sunbelt Securities Inc. increased its position in shares of Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after purchasing an additional 42 shares during the last quarter. Rockline Wealth Management LLC grew its position in Lululemon Athletica by 1.3% during the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after buying an additional 43 shares during the period. Larson Financial Group LLC increased its holdings in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. HHM Wealth Advisors LLC raised its position in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares during the period. Finally, WD Rutherford LLC boosted its stake in shares of Lululemon Athletica by 0.8% during the 2nd quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock worth $1,918,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

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.