lululemon athletica inc. (NASDAQ:LULU) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of lululemon athletica inc. (NASDAQ:LULU - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-one research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $325.1604.

Several equities analysts have recently commented on the stock. KeyCorp dropped their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Needham & Company LLC dropped their target price on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. The Goldman Sachs Group dropped their target price on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler lowered their price objective on shares of lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Finally, Robert W. Baird lowered their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research report on Monday.

lululemon athletica Stock Performance

Shares of LULU stock opened at $200.49 on Thursday. The company has a market capitalization of $24.03 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.64 and a beta of 1.16. The company has a 50-day simple moving average of $228.21 and a 200 day simple moving average of $289.57. lululemon athletica has a 52 week low of $185.95 and a 52 week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The business's revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that lululemon athletica will post 14.36 EPS for the current year.

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of lululemon athletica

Several hedge funds have recently added to or reduced their stakes in LULU. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica in the fourth quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of lululemon athletica in the first quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica in the first quarter worth about $29,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the first quarter worth about $31,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.