JPMorgan Chase & Co. Boosts Lululemon Athletica (NASDAQ:LULU) Price Target to $437.00

Lululemon Athletica (NASDAQ:LULU) had its price objective lifted by analysts at JPMorgan Chase & Co. from $428.00 to $437.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 16.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Guggenheim raised their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays upped their target price on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ:LULU opened at $373.70 on Thursday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The firm has a 50-day simple moving average of $361.31 and a 200 day simple moving average of $304.04. The company has a market cap of $45.51 billion, a PE ratio of 26.98, a P/E/G ratio of 2.71 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 earnings per share. As a group, research analysts forecast that Lululemon Athletica will post 14.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lululemon Athletica

Hedge funds have recently bought and sold shares of the business. Paladin Wealth LLC purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its holdings 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. Armstrong Advisory Group Inc. increased its stake in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 76 shares during the period. Asset Dedication LLC increased its stake in 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 buying an additional 189 shares during the period. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica during the 3rd quarter valued at $68,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.