Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $437.00

Lululemon Athletica (NASDAQ:LULU) had its price target boosted by JPMorgan Chase & Co. from $428.00 to $437.00 in a research note released on Thursday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the apparel retailer’s stock.

Several other equities analysts have also weighed in on LULU. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Barclays upped their price target on Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $373.70 on Thursday. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $491.30. The firm has a 50-day moving average price of $362.61 and a two-hundred day moving average price of $304.54. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company 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 business posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Lululemon Athletica will post 14.18 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LULU. International Assets Investment Management LLC boosted its holdings in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company grew its holdings in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of Lululemon Athletica in the third quarter worth $81,405,000. Finally, River Road Asset Management LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth $79,503,000. 85.20% of the stock is 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.