Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $292.00 to $396.00 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 0.28% from the company’s previous close.

A number of other equities analysts also recently commented on LULU. Raymond James lifted their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Stifel Nicolaus restated a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Citigroup boosted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Evercore ISI raised their price target on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $377.63.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $397.10 on Monday. The stock’s 50 day simple moving average is $308.46 and its 200-day simple moving average is $288.72. The company has a market cap of $48.75 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. On average, equities research analysts anticipate that Lululemon Athletica will post 14.19 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shepherd Financial Partners LLC acquired a new position in Lululemon Athletica in the third quarter valued at $953,000. XTX Topco Ltd grew its stake in Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after buying an additional 6,562 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Lululemon Athletica by 31.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock worth $4,607,000 after buying an additional 3,721 shares during the period. Rheos Capital Works Inc. lifted its stake in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after buying an additional 2,500 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after acquiring an additional 4,564 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.