Lululemon Athletica Inc. (NASDAQ:LULU) Receives $377.63 Average Price Target from Analysts

Lululemon Athletica Inc. (NASDAQ:LULU) has earned a consensus rating of “Moderate Buy” from the thirty analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $382.13.

Several equities analysts have recently weighed in on LULU shares. Evercore ISI increased their price target on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Telsey Advisory Group raised their target price on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. UBS Group upped their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Truist Financial boosted their target price on shares of Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Raymond James increased their price target on shares of Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $393.46 on Wednesday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $493.49. The company has a market cap of $47.92 billion, a P/E ratio of 28.41, a PEG ratio of 2.78 and a beta of 1.18. The stock’s fifty day moving average price is $350.75 and its 200-day moving average price is $299.99.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $2.53 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lululemon Athletica will post 14.17 earnings per share for the current year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at $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 Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the 3rd quarter valued at $29,000. JFS Wealth Advisors LLC increased its stake in Lululemon Athletica by 127.5% in 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. HHM Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Lululemon Athletica during the second quarter valued at $36,000. 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.