Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its target price raised by analysts at Morgan Stanley from $345.00 to $414.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. Morgan Stanley’s target price would indicate a potential upside of 3.60% from the company’s previous close.

LULU has been the subject of several other reports. Raymond James boosted their price objective on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday. Oppenheimer dropped their price target on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on shares of Lululemon Athletica from $338.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets upped their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Telsey Advisory Group raised their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $379.52.

Lululemon Athletica Stock Up 15.9 %

Shares of NASDAQ:LULU opened at $399.60 on Friday. The firm 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 12 month low of $226.01 and a 12 month high of $516.39. The company’s 50-day moving average price is $305.79 and its two-hundred day moving average price is $288.07.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 return on equity of 42.59% and a net margin of 16.34%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. As a group, equities analysts predict that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, 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 is accessible through this hyperlink. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LULU. Value Star Asset Management Hong Kong Ltd grew its holdings in 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 during the period. International Assets Investment Management LLC boosted its stake in shares of Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after acquiring an additional 894,531 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company raised its stake in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after acquiring an additional 305,302 shares during the period. Finally, Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the third quarter worth $81,405,000. Institutional investors and hedge funds 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.