Lululemon Athletica (NASDAQ:LULU) Given New $428.00 Price Target at JPMorgan Chase & Co.

Lululemon Athletica (NASDAQ:LULU) had its target price increased by JPMorgan Chase & Co. from $425.00 to $428.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the apparel retailer’s stock.

Other equities analysts also recently issued reports about the company. Guggenheim lifted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Citigroup increased their target price on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, KeyCorp boosted their target price on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $382.73.

Lululemon Athletica Trading Up 0.6 %

LULU stock opened at $395.47 on Wednesday. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $491.30. The stock has a market cap of $48.16 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.78 and a beta of 1.18. The business’s 50-day moving average is $355.92 and its 200 day moving average is $301.86.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Lululemon Athletica will post 14.17 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

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

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors have recently modified their holdings of the company. Paladin Wealth LLC acquired a new position in Lululemon Athletica during the third quarter worth $29,000. JFS Wealth Advisors LLC increased its position 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 valued at $31,000 after buying an additional 65 shares in the last quarter. HHM Wealth Advisors LLC increased its position 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 valued at $34,000 after buying an additional 46 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth $36,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after buying an additional 76 shares in the last quarter. 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.