Lululemon Athletica Inc. (NASDAQ:LULU) Receives $357.13 Consensus Target Price from Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been assigned an average recommendation of “Moderate Buy” from the thirty-one analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $357.13.

LULU has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Morgan Stanley dropped their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Citigroup reduced their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group dropped their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Finally, Piper Sandler lifted their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Larson Financial Group LLC lifted its position in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the period. Paladin Wealth LLC bought a new stake in Lululemon Athletica during the 3rd quarter valued at $29,000. Versant Capital Management Inc boosted its position in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica in the 2nd quarter worth $33,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $320.01 on Tuesday. Lululemon Athletica has a one year low of $226.01 and a one year high of $516.39. The company’s fifty day moving average price is $286.35 and its 200-day moving average price is $290.39. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.39 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. Equities research analysts expect that Lululemon Athletica will post 14.02 earnings per share for the current fiscal year.

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.