Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $445.00 at Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULU) had its target price hoisted by Telsey Advisory Group from $430.00 to $445.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have an outperform rating on the apparel retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Raymond James boosted their target price on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.23.

Lululemon Athletica Stock Down 2.5 %

NASDAQ:LULU opened at $388.74 on Tuesday. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $491.30. The stock’s 50-day moving average price is $358.92 and its 200-day moving average price is $303.06. The stock has a market capitalization of $47.34 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 earnings per share. Sell-side analysts expect that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LULU. SeaCrest Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares during the period. Sunbelt Securities Inc. grew its position in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after purchasing an additional 42 shares during the last quarter. Claro Advisors LLC increased its stake in Lululemon Athletica by 5.6% in the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 48 shares during the period. Capital Market Strategies LLC raised its holdings in shares of Lululemon Athletica by 6.5% in the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock valued at $314,000 after buying an additional 50 shares during the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of Lululemon Athletica by 2.7% during the third quarter. Fulton Bank N.A. now owns 2,115 shares of the apparel retailer’s stock worth $574,000 after buying an additional 56 shares during the period. Hedge funds and other 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.