Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $380.00

Lululemon Athletica (NASDAQ:LULU) had its price objective increased by analysts at Citigroup from $270.00 to $380.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target would suggest a potential downside of 5.46% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Evercore ISI increased their target price on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday. Telsey Advisory Group increased their target price on shares of Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Finally, UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $379.52.

Lululemon Athletica Stock Up 16.6 %

Shares of LULU stock traded up $57.14 during mid-day trading on Friday, hitting $401.95. 9,386,675 shares of the company’s stock were exchanged, compared to its average volume of 2,115,612. The stock has a market cap of $49.35 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 2.49 and a beta of 1.23. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock has a 50-day simple moving average of $303.40 and a two-hundred day simple moving average of $287.81.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm 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 earned $2.53 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica will post 13.94 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Value Star Asset Management Hong Kong Ltd grew its stake in shares of Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares in the last quarter. American Century Companies Inc. boosted its stake 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 valued at $528,429,000 after buying an additional 82,731 shares in the last quarter. Legal & General Group Plc boosted its stake in Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock valued at $310,763,000 after buying an additional 37,239 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after buying an additional 894,531 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

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.