Lululemon Athletica Inc. (NASDAQ:LULU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Lululemon Athletica Inc. (NASDAQ:LULU) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $399.14.

A number of analysts have weighed in on LULU shares. Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. Robert W. Baird increased their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Piper Sandler lifted their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Truist Financial upped their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, BMO Capital Markets raised their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th.

Insiders Place Their Bets

In other news, 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The shares were 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 approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds have recently made changes to their positions in the business. Symphony Financial Ltd. Co. bought a new stake in Lululemon Athletica during the third quarter worth approximately $212,000. Tempus Wealth Planning LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth $262,000. Private Advisor Group LLC boosted its stake in shares of Lululemon Athletica by 61.8% during the 3rd quarter. Private Advisor Group LLC now owns 15,213 shares of the apparel retailer’s stock worth $4,128,000 after acquiring an additional 5,813 shares in the last quarter. Narwhal Capital Management raised its position in shares of Lululemon Athletica by 416.0% during the third quarter. Narwhal Capital Management now owns 3,509 shares of the apparel retailer’s stock worth $952,000 after purchasing an additional 2,829 shares during the period. Finally, Marietta Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 19.6% during the third quarter. Marietta Wealth Management LLC now owns 21,555 shares of the apparel retailer’s stock valued at $5,849,000 after purchasing an additional 3,531 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $368.22 on Thursday. The stock has a 50-day simple moving average of $387.92 and a 200 day simple moving average of $326.75. Lululemon Athletica has a one year low of $226.01 and a one year high of $480.94. The company has a market capitalization of $44.84 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. On average, equities research analysts forecast that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

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.