Brokerages Set Lululemon Athletica Inc. (NASDAQ:LULU) PT at $391.00

Lululemon Athletica Inc. (NASDAQ:LULU) has been given a consensus recommendation of “Moderate Buy” by the thirty analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $395.67.

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Barclays lifted their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Telsey Advisory Group upped their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th.

Insider Buying and Selling

In other news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value 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. The trade was a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $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 owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Paladin Wealth LLC purchased a new stake in Lululemon Athletica during the 3rd quarter worth $29,000. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during 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 last quarter. Sound Income Strategies LLC grew its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $36,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of LULU opened at $421.16 on Friday. The company’s fifty day moving average price is $374.67 and its 200-day moving average price is $310.08. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $480.94. The firm has a market capitalization of $51.29 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

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.