Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $338.00 to $425.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.36% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on LULU. Telsey Advisory Group raised their target price on shares of Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer reduced their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday. Finally, Bank of America dropped their price objective 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $379.52.

Lululemon Athletica Trading 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 firm has a market cap of $49.06 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.50 and a beta of 1.23. The stock has a 50 day moving average of $305.79 and a 200-day moving average of $288.07.

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 analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.53 earnings per share. On average, sell-side analysts predict that Lululemon Athletica will post 13.93 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter worth approximately $29,000. JFS Wealth Advisors LLC grew its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Lululemon Athletica during the 2nd quarter valued at $33,000. Finally, Dnca Finance purchased a new stake in shares of Lululemon Athletica in the second quarter valued at $34,000. Institutional investors and hedge funds 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.