Lululemon Athletica Inc. (NASDAQ:LULU) Receives $379.52 Average Target Price from Analysts

Lululemon Athletica Inc. (NASDAQ:LULU) has earned an average rating of “Moderate Buy” from the thirty brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $377.63.

A number of brokerages recently commented on LULU. Robert W. Baird upped their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Friday. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Sanford C. Bernstein decreased their price target on shares of 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, TD Cowen cut their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of hedge funds have recently made changes to their positions in the stock. Mather Group LLC. increased its position in Lululemon Athletica by 105.6% during the 2nd quarter. Mather Group LLC. now owns 255 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 131 shares in the last quarter. CWM LLC increased its position in shares of Lululemon Athletica by 21.4% in the second quarter. CWM LLC now owns 2,896 shares of the apparel retailer’s stock worth $865,000 after acquiring an additional 510 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 18.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 779 shares of the apparel retailer’s stock valued at $233,000 after acquiring an additional 122 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter valued at $86,000. Finally, Hexagon Capital Partners LLC boosted its position in Lululemon Athletica by 273.5% during the 2nd quarter. Hexagon Capital Partners LLC now owns 127 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $404.79 on Friday. The company has a market capitalization of $49.70 billion, a P/E ratio of 29.23, a P/E/G ratio of 2.87 and a beta of 1.23. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $516.39. The company has a fifty day moving average of $308.46 and a 200-day moving average of $288.72.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company earned $2.53 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica will post 14.19 EPS for the current fiscal year.

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.