Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $380.00

Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by Robert W. Baird from $350.00 to $380.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the apparel retailer’s stock.

Other equities analysts have also issued research reports about the company. KeyCorp decreased their target price on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Barclays lowered their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company lowered their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Truist Financial lifted their price target on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $357.13.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded up $5.66 during trading on Wednesday, hitting $318.80. 222,636 shares of the company were exchanged, compared to its average volume of 2,101,585. The company has a fifty day moving average price of $277.50 and a 200-day moving average price of $291.99. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a market capitalization of $39.14 billion, a PE ratio of 24.20, a P/E/G ratio of 2.31 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm posted $2.68 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica will post 14.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Lululemon Athletica

A number of large investors have recently modified their holdings of LULU. Larson Financial Group LLC boosted its holdings in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter worth about $29,000. Versant Capital Management Inc increased its holdings in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.