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

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have earned a consensus recommendation of “Moderate Buy” from the thirty research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $377.63.

Several research analysts have commented on LULU shares. KeyCorp lifted their price target on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Sanford C. Bernstein decreased their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. TD Securities boosted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Telsey Advisory Group raised their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. lifted its holdings in Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock valued at $258,000 after acquiring an additional 42 shares during the period. Rockline Wealth Management LLC raised its position in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after purchasing an additional 43 shares during the period. Larson Financial Group LLC lifted its stake in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after buying an additional 46 shares during the period. Finally, WD Rutherford LLC raised its holdings in Lululemon Athletica by 0.8% during the second quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock valued at $1,918,000 after acquiring an additional 52 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $391.63 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a market capitalization of $48.08 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 2.84 and a beta of 1.23. The stock has a fifty day moving average of $318.81 and a 200 day moving average of $291.46.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. Equities analysts forecast that Lululemon Athletica will post 14.17 earnings per share for the current fiscal 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.