Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Barclays Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its price target lifted by Barclays from $378.00 to $411.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s price objective points to a potential upside of 9.98% from the company’s previous close.

A number of other research analysts have also recently commented on LULU. TD Securities upped their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, Wells Fargo & Company increased their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Stock Up 0.7 %

Shares of LULU opened at $373.70 on Thursday. The stock has a fifty day simple moving average of $361.31 and a two-hundred day simple moving average of $304.04. The company has a market capitalization of $45.51 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. 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 earnings per share. As a group, equities analysts anticipate that Lululemon Athletica will post 14.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value 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. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently modified their holdings of LULU. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after acquiring an additional 26 shares in the last quarter. Adirondack Trust Co. grew its holdings in shares of Lululemon Athletica by 6.5% during the fourth quarter. Adirondack Trust Co. now owns 651 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 40 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the last quarter. First Pacific Financial increased its position in shares of Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer’s stock worth $1,184,000 after purchasing an additional 44 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of Lululemon Athletica by 5.6% in the 4th quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 48 shares during 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.