Lululemon Athletica (NASDAQ:LULU) Price Target Increased to $434.00 by Analysts at Deutsche Bank Aktiengesellschaft

Lululemon Athletica (NASDAQ:LULUGet Rating) had its price target lifted by Deutsche Bank Aktiengesellschaft from $427.00 to $434.00 in a report issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the apparel retailer’s stock.

A number of other analysts also recently issued reports on the company. Cowen raised their target price on Lululemon Athletica from $512.00 to $531.00 and gave the stock an outperform rating in a research report on Tuesday. BMO Capital Markets decreased their target price on Lululemon Athletica from $344.00 to $304.00 in a research report on Friday, June 3rd. Credit Suisse Group decreased their target price on Lululemon Athletica from $450.00 to $410.00 and set an outperform rating for the company in a research report on Friday, June 3rd. Barclays decreased their target price on Lululemon Athletica from $450.00 to $435.00 and set an overweight rating for the company in a research report on Monday, June 6th. Finally, KGI Securities downgraded Lululemon Athletica from an outperform rating to a neutral rating in a research report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $407.57.

Lululemon Athletica Trading Up 6.7 %

Shares of LULU opened at $314.17 on Friday. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 1.63 and a beta of 1.30. The stock has a 50 day moving average of $301.32 and a 200 day moving average of $314.06. Lululemon Athletica has a 12 month low of $251.51 and a 12 month high of $485.83.

Lululemon Athletica (NASDAQ:LULUGet Rating) last issued its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.34. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. Lululemon Athletica’s revenue was up 28.8% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. As a group, equities research analysts predict that Lululemon Athletica will post 9.43 earnings per share for the current year.

Insiders Place Their Bets

In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of Lululemon Athletica stock in a transaction on Wednesday, June 15th. The shares were acquired at an average cost of $280.12 per share, for a total transaction of $56,024.00. Following the completion of the transaction, the director now directly owns 1,302 shares of the company’s stock, valued at $364,716.24. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. IFM Investors Pty Ltd grew its position in Lululemon Athletica by 17.4% during the first quarter. IFM Investors Pty Ltd now owns 18,272 shares of the apparel retailer’s stock valued at $6,673,000 after acquiring an additional 2,714 shares during the last quarter. Avondale Wealth Management grew its position in Lululemon Athletica by 4.2% during the first quarter. Avondale Wealth Management now owns 891 shares of the apparel retailer’s stock valued at $325,000 after acquiring an additional 36 shares during the last quarter. Vienna Asset Management LLC bought a new position in Lululemon Athletica during the fourth quarter valued at approximately $117,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Lululemon Athletica by 11.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,832 shares of the apparel retailer’s stock valued at $24,774,000 after acquiring an additional 7,143 shares during the last quarter. Finally, Hollencrest Capital Management grew its holdings in shares of Lululemon Athletica by 11.0% in the first quarter. Hollencrest Capital Management now owns 1,005 shares of the apparel retailer’s stock worth $367,000 after purchasing an additional 100 shares during the last quarter. 81.11% of the stock is currently owned by institutional investors.

Lululemon Athletica Company Profile

(Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

Recommended Stories

The Fly logo

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.