Lululemon Athletica Inc. (NASDAQ:LULU) Receives $357.13 Average Target Price from Analysts

Lululemon Athletica Inc. (NASDAQ:LULU) has received a consensus recommendation of “Moderate Buy” from the thirty-one brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $357.13.

Several brokerages have recently issued reports on LULU. Stifel Nicolaus reduced their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Bank of America reduced their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Truist Financial upped their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Piper Sandler raised their target price on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Guggenheim decreased their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, August 30th.

Lululemon Athletica Price Performance

LULU stock opened at $309.53 on Tuesday. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $516.39. The business has a 50 day simple moving average of $287.57 and a two-hundred day simple moving average of $289.16. The company has a market capitalization of $38.00 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.68 earnings per share. Sell-side analysts anticipate that Lululemon Athletica will post 14.02 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm’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 directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds and other institutional investors have recently bought and sold shares of the business. Value Star Asset Management Hong Kong Ltd increased its holdings in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. 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 worth $243,055,000 after buying an additional 894,531 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company grew its holdings in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $81,405,000. Institutional investors and hedge funds 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.