Lululemon Athletica Inc. (NASDAQ:LULU – Get Free Report) has been assigned an average rating of “Moderate Buy” from the thirty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $379.52.
LULU has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday. Bank of America dropped their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday.
Get Our Latest Report on Lululemon Athletica
Lululemon Athletica Trading Up 15.9 %
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last issued 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 EPS. On average, sell-side analysts predict that Lululemon Athletica will post 13.94 EPS for the current fiscal year.
Insiders Place Their Bets
In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated 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 owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.
Institutional Trading of Lululemon Athletica
Several institutional investors and hedge funds have recently modified their holdings of the business. Value Star Asset Management Hong Kong Ltd lifted its stake in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after buying an additional 4,630,466 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lululemon Athletica by 136.3% during the third 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 during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $81,405,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.
Lululemon Athletica Company Profile
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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