Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $495.00

Lululemon Athletica (NASDAQ:LULU) had its price objective boosted by Evercore ISI from $440.00 to $495.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the apparel retailer’s stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Telsey Advisory Group boosted their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. TD Cowen increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $395.67.

Lululemon Athletica Trading Up 2.4 %

Shares of NASDAQ LULU opened at $421.16 on Tuesday. The business has a 50-day moving average of $374.67 and a 200-day moving average of $310.08. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of 30.41, a PEG 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 $480.94.

Lululemon Athletica (NASDAQ:LULU) last released 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. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 EPS. On average, analysts predict that Lululemon Athletica will post 14.34 earnings per share for the current year.

Insider Activity at Lululemon Athletica

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

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Beacon Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 24 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares during the period. Mather Group LLC. grew its stake in shares of Lululemon Athletica by 21.1% during the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after purchasing an additional 31 shares during the period. Adirondack Trust Co. increased its position in shares of Lululemon Athletica by 6.5% during the 4th quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock valued at $249,000 after purchasing an additional 40 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the period. 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.