Lululemon Athletica’s (LULU) Outperform Rating Reiterated at Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULUGet Free Report)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a report issued on Wednesday, Benzinga reports. They presently have a $550.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 70.29% from the company’s previous close.

A number of other brokerages have also recently commented on LULU. Piper Sandler reduced their target price on Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Needham & Company LLC reduced their target price on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $445.00 price objective (down previously from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Finally, Truist Financial lowered their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $474.79.

Read Our Latest Stock Report on LULU

Lululemon Athletica Stock Down 1.3 %

Lululemon Athletica stock opened at $322.98 on Wednesday. Lululemon Athletica has a 52 week low of $322.15 and a 52 week high of $516.39. The business’s 50-day moving average price is $373.44 and its 200 day moving average price is $433.23. The firm has a market cap of $40.70 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.40 EPS. Equities analysts expect that Lululemon Athletica will post 14.15 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Lululemon Athletica by 32.3% in the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock worth $4,955,918,000 after acquiring an additional 2,369,119 shares during the last quarter. International Assets Investment Management LLC boosted its position in Lululemon Athletica by 51,219.6% during the 4th quarter. International Assets Investment Management LLC now owns 688,196 shares of the apparel retailer’s stock valued at $351,868,000 after purchasing an additional 686,855 shares during the period. Norges Bank bought a new position in Lululemon Athletica during the 4th quarter worth $236,378,000. Morgan Stanley increased its position in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after buying an additional 437,069 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Lululemon Athletica by 20.0% during the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after acquiring an additional 310,347 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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