Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $415.00 at Guggenheim

Lululemon Athletica (NASDAQ:LULU) had its price objective raised by Guggenheim from $350.00 to $415.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the apparel retailer’s stock.

Several other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. UBS Group dropped their price target on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Barclays dropped their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Robert W. Baird upped their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on Lululemon Athletica from $338.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $379.52.

Lululemon Athletica Trading Up 15.9 %

Shares of Lululemon Athletica stock opened at $399.60 on Friday. The stock has a fifty day simple moving average of $303.40 and a 200 day simple moving average of $287.81. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The company has a market capitalization of $49.06 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Lululemon Athletica will post 13.93 EPS for the current year.

Insider Activity

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 value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lululemon Athletica

Hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica in the third quarter worth $29,000. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica in the second quarter worth $33,000. Dnca Finance purchased a new position in shares of Lululemon Athletica in the second quarter worth $34,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Lululemon Athletica by 66.7% in 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. 85.20% of the stock is owned by institutional investors.

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.