Lululemon Athletica (NASDAQ:LULU) Stock Rating Upgraded by Sanford C. Bernstein

Lululemon Athletica (NASDAQ:LULU) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report released on Tuesday, MarketBeat reports. The brokerage presently has a $460.00 price objective on the apparel retailer’s stock, up from their prior price objective of $360.00. Sanford C. Bernstein’s price objective would indicate a potential upside of 17.07% from the company’s previous close.

Other analysts have also issued research reports about the stock. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial raised their target price on Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Piper Sandler increased their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $382.23.

Lululemon Athletica Stock Down 0.1 %

Shares of LULU stock opened at $392.92 on Tuesday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The firm’s 50 day moving average price is $352.53 and its two-hundred day moving average price is $300.64. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

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

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after acquiring an additional 44,294 shares during the period. American Century Companies Inc. raised its holdings in Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after purchasing an additional 82,731 shares in the last quarter. Legal & General Group Plc lifted its position in Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares during the period. International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares during the period. 85.20% of the stock is currently owned by institutional investors.

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.