UBS Group Boosts Lululemon Athletica (NASDAQ:LULU) Price Target to $360.00

Lululemon Athletica (NASDAQ:LULU) had its price objective increased by stock analysts at UBS Group from $315.00 to $360.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price target suggests a potential downside of 9.91% from the stock’s current price.

Several other brokerages have also recently issued reports on LULU. Bank of America cut their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Sanford C. Bernstein lowered their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Citigroup cut their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Finally, Robert W. Baird boosted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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 company’s fifty day moving average is $305.79 and its 200 day moving average is $288.07. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a market cap of $49.06 billion, a PE ratio of 28.85, a PEG ratio of 2.50 and a beta of 1.23.

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

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. Ridgewood Investments LLC bought a new position in Lululemon Athletica during the second quarter valued at approximately $33,000. Dnca Finance purchased a new stake in Lululemon Athletica in the second quarter worth approximately $34,000. Finally, HHM Wealth Advisors LLC grew its position in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 46 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.