BMO Capital Markets Increases Lululemon Athletica (NASDAQ:LULU) Price Target to $302.00

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by analysts at BMO Capital Markets from $265.00 to $302.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price target would suggest a potential downside of 24.42% from the stock’s previous close.

Several other equities analysts have also commented on the company. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Sanford C. Bernstein dropped their target price on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. KeyCorp raised their target price on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday. Finally, TD Securities lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.52.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $399.60 on Friday. The firm has a market cap of $49.06 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The firm’s 50-day simple moving average is $305.79 and its 200-day simple moving average is $288.07.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm posted $2.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica will post 13.93 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Institutional Trading of Lululemon Athletica

A number of institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC raised 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 bought a new position in Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC lifted its stake in 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 acquiring an additional 65 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Lululemon Athletica in the second quarter worth approximately $33,000. Finally, Dnca Finance acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth $34,000. Institutional investors and hedge funds 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.