Guggenheim Raises Lululemon Athletica (NASDAQ:LULU) Price Target to $415.00

Lululemon Athletica (NASDAQ:LULU) had its price target boosted by analysts at Guggenheim from $350.00 to $415.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Guggenheim’s target price would suggest a potential upside of 3.85% from the company’s current price.

A number of other research analysts have also commented on the company. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group cut their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Stifel Nicolaus restated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research report on Friday. TD Cowen boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday. Finally, Oppenheimer decreased their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $379.52.

Lululemon Athletica Trading Up 15.9 %

NASDAQ LULU opened at $399.60 on Friday. The company has a market cap of $49.06 billion, a P/E ratio of 28.85, a P/E/G 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 company has a fifty day simple moving average of $305.79 and a 200 day simple moving average of $288.07.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. 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 business posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica will post 13.93 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Value Star Asset Management Hong Kong Ltd lifted its position 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 worth $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. Geode Capital Management LLC boosted its position in Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after buying an additional 82,731 shares during the period. Legal & General Group Plc raised its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after acquiring an additional 37,239 shares during the last quarter. Finally, 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 acquiring an additional 894,531 shares during the period. 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.