Brokerages Set Lululemon Athletica Inc. (NASDAQ:LULU) Target Price at $377.63

Lululemon Athletica Inc. (NASDAQ:LULU) has earned an average rating of “Moderate Buy” from the thirty analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $377.63.

LULU has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. TD Securities raised their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Telsey Advisory Group lifted their price objective on shares of Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Raymond James increased their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Finally, KeyCorp upped their price target on Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

Insider Transactions at Lululemon Athletica

In other news, 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 transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth $29,000. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. HHM Wealth Advisors LLC increased its holdings in Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Lululemon Athletica in the second quarter valued at about $36,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 1.6 %

LULU opened at $378.18 on Wednesday. The business’s 50 day moving average is $347.22 and its 200-day moving average is $298.82. The stock has a market cap of $46.06 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $502.00.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 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 the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica will post 14.17 EPS 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.