Lululemon Athletica (NASDAQ:LULU) Given New $411.00 Price Target at Barclays

Lululemon Athletica (NASDAQ:LULU) had its price target increased by Barclays from $378.00 to $411.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s price objective indicates a potential upside of 9.57% from the stock’s current price.

Several other research firms have also recently commented on LULU. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Evercore ISI boosted their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Citigroup boosted their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Lululemon Athletica Trading Down 0.4 %

NASDAQ LULU traded down $1.55 on Thursday, hitting $375.11. 1,067,385 shares of the company were exchanged, compared to its average volume of 1,610,947. The company has a market cap of $45.68 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.71 and a beta of 1.18. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $491.30. The firm has a 50 day moving average of $358.92 and a two-hundred day moving average of $303.06.

Lululemon Athletica (NASDAQ:LULU) last announced its 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. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.53 earnings per share. Research analysts anticipate that Lululemon Athletica will post 14.18 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently modified their holdings of the business. Paladin Wealth LLC acquired a new stake in Lululemon Athletica in the third quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its stake 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 valued at $31,000 after purchasing an additional 65 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Lululemon Athletica by 110.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Asset Dedication LLC increased its position in Lululemon Athletica by 402.1% during the 3rd quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares in the last quarter. Finally, Modus Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter valued at approximately $95,000. Institutional investors own 85.20% of the company’s stock.

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.