Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Evercore ISI Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price objective upped by Evercore ISI from $440.00 to $495.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Evercore ISI’s target price would indicate a potential upside of 20.39% from the company’s current price.

LULU has been the topic of several other reports. Robert W. Baird boosted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Telsey Advisory Group increased their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Citigroup raised their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Trading Up 0.4 %

Shares of Lululemon Athletica stock opened at $411.16 on Tuesday. The business’s fifty day simple moving average is $372.62 and its 200 day simple moving average is $309.37. The firm has a market capitalization of $50.07 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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 return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Lululemon Athletica

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company lifted its position in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $81,405,000. Finally, River Road Asset Management LLC purchased a new position in Lululemon Athletica in the 3rd quarter worth approximately $79,503,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.