Lululemon Athletica Inc. (NASDAQ:LULU) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been given an average rating of “Moderate Buy” by the thirty-two brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $354.94.

Several equities analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Raymond James dropped their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Robert W. Baird dropped their price objective on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a research note on Thursday, June 6th.

Lululemon Athletica Stock Performance

LULU opened at $262.61 on Monday. The company has a fifty day moving average price of $259.72 and a two-hundred day moving average price of $317.50. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $516.39. The firm has a market capitalization of $32.83 billion, a PE ratio of 21.06, a P/E/G ratio of 1.38 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.68 EPS. Equities analysts forecast that Lululemon Athletica will post 14.03 EPS for the current year.

Lululemon Athletica declared that its board has authorized a stock repurchase plan on Wednesday, June 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Moody National Bank Trust Division lifted its position in Lululemon Athletica by 1.0% during the first quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 29 shares during the period. Congress Wealth Management LLC DE grew its stake in Lululemon Athletica by 2.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 1,519 shares of the apparel retailer’s stock valued at $777,000 after purchasing an additional 30 shares in the last quarter. Graypoint LLC grew its stake in Lululemon Athletica by 5.1% during the 1st quarter. Graypoint LLC now owns 699 shares of the apparel retailer’s stock valued at $273,000 after purchasing an additional 34 shares in the last quarter. William Allan Corp grew its position in shares of Lululemon Athletica by 0.8% in the 1st quarter. William Allan Corp now owns 4,896 shares of the apparel retailer’s stock worth $1,913,000 after acquiring an additional 37 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in shares of Lululemon Athletica by 50.7% in the 4th quarter. FinTrust Capital Advisors LLC now owns 113 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 38 shares in the last quarter. 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.