Lululemon Athletica (NASDAQ:LULU) Given Outperform Rating at Raymond James

Raymond James reiterated their outperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a report issued on Wednesday morning,Benzinga reports. Raymond James currently has a $430.00 target price on the apparel retailer’s stock, up from their prior target price of $400.00.

Several other equities analysts have also issued reports on LULU. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. Finally, UBS Group raised their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $389.23.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $376.66 on Wednesday. The stock has a market capitalization of $45.87 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $491.30. The stock has a fifty day moving average of $358.92 and a 200-day moving average of $303.06.

Lululemon Athletica (NASDAQ:LULU) last released its 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 firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica will post 14.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica news, 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 sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Paladin Wealth LLC bought a new position in Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC increased its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Armstrong Advisory Group Inc. lifted its position in shares of Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 76 shares during the period. Asset Dedication LLC boosted its stake in shares of Lululemon Athletica by 402.1% in the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock valued at $64,000 after purchasing an additional 189 shares during the last quarter. Finally, Avondale Wealth Management acquired a new stake in Lululemon Athletica during the 3rd quarter worth about $68,000. Institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.