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

Lululemon Athletica Inc. (NASDAQ:LULU) has received a consensus recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $391.00.

Several equities research analysts have recently commented on LULU shares. Telsey Advisory Group lifted their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Oppenheimer dropped their target price on shares of 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 raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup upped their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’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 in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’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 owns 6,198 shares of the company’s stock, valued at approximately $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. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. RBA Wealth Management LLC lifted its stake in Lululemon Athletica by 4.0% in the 4th quarter. RBA Wealth Management LLC now owns 12,212 shares of the apparel retailer’s stock valued at $4,670,000 after purchasing an additional 469 shares during the last quarter. Patron Partners LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $252,000. Rheos Capital Works Inc. boosted its stake in shares of Lululemon Athletica by 258.1% during the 4th quarter. Rheos Capital Works Inc. now owns 55,500 shares of the apparel retailer’s stock worth $21,224,000 after acquiring an additional 40,000 shares during the period. Boston Trust Walden Corp boosted its stake in shares of Lululemon Athletica by 7.6% during the 4th quarter. Boston Trust Walden Corp now owns 141,267 shares of the apparel retailer’s stock worth $54,022,000 after acquiring an additional 9,991 shares during the period. Finally, JB Capital LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $203,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $400.03 on Friday. The business’s fifty day moving average is $368.60 and its two-hundred day moving average is $307.47. The firm has a market cap of $48.72 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.50 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 posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company posted $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica will post 14.34 earnings per share for the current year.

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.