Lululemon Athletica (NASDAQ:LULU) Upgraded by Sanford C. Bernstein to Outperform Rating

Sanford C. Bernstein upgraded shares of Lululemon Athletica (NASDAQ:LULUFree Report) from a market perform rating to an outperform rating in a research note released on Tuesday, MarketBeat Ratings reports. They currently have $460.00 price target on the apparel retailer’s stock, up from their previous price target of $360.00.

LULU has been the subject of several other research reports. TD Cowen upped their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $382.13.

Check Out Our Latest Analysis on LULU

Lululemon Athletica Trading Down 0.5 %

Shares of LULU opened at $393.46 on Tuesday. The firm has a market capitalization of $47.92 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.78 and a beta of 1.18. The firm’s fifty day simple moving average is $350.75 and its 200-day simple moving average is $299.99. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $493.49.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings results 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 analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. On average, analysts predict that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the third quarter worth $29,000. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of 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 last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Lululemon Athletica in the second quarter valued at $36,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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