Lululemon Athletica (NASDAQ:LULU) Stock Rating Upgraded by Sanford C. Bernstein

Lululemon Athletica (NASDAQ:LULU) was upgraded by Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report released on Tuesday, MarketBeat reports. The brokerage currently has a $460.00 price target on the apparel retailer’s stock, up from their prior price target of $360.00. Sanford C. Bernstein’s price target would suggest a potential upside of 17.07% from the company’s previous close.

Several other brokerages also recently weighed in on LULU. Telsey Advisory Group boosted their price objective on shares of Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Evercore ISI boosted their target price on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus target price of $382.23.

Lululemon Athletica Trading Down 0.1 %

Shares of NASDAQ:LULU opened at $392.92 on Tuesday. The company has a market cap of $47.85 billion, a PE ratio of 28.37, a P/E/G ratio of 2.78 and a beta of 1.18. The company’s 50 day moving average is $352.53 and its two-hundred day moving average is $300.64. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $491.30.

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 analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm earned $2.53 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Lululemon Athletica will post 14.17 EPS for the current year.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 12,429 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Institutional Trading of Lululemon Athletica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lululemon Athletica by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after acquiring an additional 82,731 shares during the period. Legal & General Group Plc boosted its position in shares of Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after acquiring an additional 37,239 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after purchasing an additional 203,882 shares during the last quarter. Hedge funds and other institutional investors 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.