Lululemon Athletica Inc. (NASDAQ:LULU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been given a consensus rating of “Moderate Buy” by the twenty-nine ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $399.14.

LULU has been the subject of several analyst reports. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Robert W. Baird raised their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. BMO Capital Markets raised their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, UBS Group lifted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $367.52 on Thursday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $480.94. The company has a market capitalization of $44.76 billion, a PE ratio of 26.54, a P/E/G ratio of 2.23 and a beta of 1.19. The company has a fifty day moving average of $389.47 and a two-hundred day moving average of $323.43.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently made changes to their positions in the business. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $30,000. JFS Wealth Advisors LLC grew its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth $32,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth $32,000. 85.20% of the stock is currently owned by institutional investors.

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.