Lululemon Athletica’s (LULU) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research report sent to investors on Friday morning,Benzinga reports.

A number of other brokerages also recently commented on LULU. Raymond James boosted their price objective on Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday. TD Cowen cut their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Barclays cut their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Finally, Stifel Nicolaus lowered their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.17.

Lululemon Athletica Stock Up 15.9 %

Shares of LULU opened at $399.60 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $516.39. The company has a market capitalization 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. The stock has a fifty day simple moving average of $305.79 and a two-hundred day simple moving average of $287.98.

Lululemon Athletica (NASDAQ:LULU) last issued its 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 return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the company earned $2.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate 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 firm’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 directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Lululemon Athletica by 78.2% during the 2nd 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. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the 3rd quarter valued at $29,000. Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth $33,000. Dnca Finance bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth $34,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of 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 buying an additional 46 shares in the last quarter. 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.