Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $411.00 at Barclays

Lululemon Athletica (NASDAQ:LULU) had its target price raised by Barclays from $378.00 to $411.00 in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has an equal weight rating on the apparel retailer’s stock.

Several other equities analysts also recently weighed in on the company. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Telsey Advisory Group increased their target price on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Lululemon Athletica Stock Performance

LULU opened at $370.99 on Thursday. The company’s 50-day simple moving average is $360.19 and its two-hundred day simple moving average is $303.57. The stock has a market capitalization of $45.18 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.71 and a beta of 1.18. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 earnings per share. Research analysts forecast that Lululemon Athletica will post 14.18 EPS for the current fiscal year.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was 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 approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Armstrong Advisory Group Inc. grew its position in Lululemon Athletica by 110.1% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 76 shares during the last quarter. Asset Dedication LLC increased its stake in Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer’s stock worth $64,000 after purchasing an additional 189 shares during the period. Finally, Avondale Wealth Management bought a new stake in shares of Lululemon Athletica during the third quarter worth $68,000. 85.20% of the stock is owned by hedge funds and other 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.