Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $500.00

Lululemon Athletica (NASDAQ:LULU) had its price target boosted by Oppenheimer from $380.00 to $500.00 in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage currently has an outperform rating on the apparel retailer’s stock.

Several other equities analysts have also commented on LULU. JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. KeyCorp boosted their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Piper Sandler boosted their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $398.10 on Friday. The firm has a market capitalization of $48.48 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The firm’s 50-day moving average is $387.61 and its two-hundred day moving average is $316.26. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lululemon Athletica by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after buying an additional 17,119 shares during the last quarter. Amundi raised its holdings in Lululemon Athletica by 2.9% in the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after buying an additional 18,861 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after buying an additional 185,440 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other 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.