Lululemon Athletica’s (LULU) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Lululemon Athletica (NASDAQ:LULU) in a report released on Friday,Benzinga reports. They currently have a $438.00 price objective on the apparel retailer’s stock, up from their previous price objective of $370.00.

LULU has been the topic of several other reports. Sanford C. Bernstein cut their target price on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Barclays dropped their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. TD Cowen boosted their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday. Telsey Advisory Group upped their target price on shares of Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities lifted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $374.17.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $399.60 on Friday. The business has a fifty day moving average price of $305.79 and a 200-day moving average price of $287.98. The company has a market capitalization of $49.06 billion, a PE ratio of 28.85, a PEG 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.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 business had revenue of $2.40 billion during 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 revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds have recently modified their holdings of LULU. Sunbelt Securities Inc. increased its holdings in Lululemon Athletica by 4.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the last quarter. Rockline Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after purchasing an additional 43 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in shares of Lululemon Athletica by 66.7% in the second 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 last quarter. Finally, WD Rutherford LLC lifted its position in shares of Lululemon Athletica by 0.8% in the second quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock worth $1,918,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors 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.