lululemon athletica inc. (NASDAQ:LULU) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of lululemon athletica inc. (NASDAQ:LULU - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirty-one ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $335.91.

A number of equities research analysts recently weighed in on LULU shares. TD Securities raised their price target on lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Bank of America lowered their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Truist Financial lowered their price target on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Needham & Company LLC lowered their price target 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. Finally, Jefferies Financial Group cut their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th.

lululemon athletica Stock Up 0.0%

LULU stock traded up $0.10 during trading on Friday, reaching $224.03. 2,205,278 shares of the company's stock were exchanged, compared to its average volume of 2,386,043. lululemon athletica has a 1-year low of $219.97 and a 1-year high of $423.32. The company's fifty day moving average price is $264.08 and its 200-day moving average price is $308.74. The firm has a market cap of $26.85 billion, a PE ratio of 15.18, a P/E/G ratio of 1.90 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting 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 the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of lululemon athletica

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC bought a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its stake in 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 during the last quarter. Flaharty Asset Management LLC bought a new stake in lululemon athletica in the first quarter worth about $29,000. Anderson Financial Strategies LLC bought a new stake in lululemon athletica in the fourth quarter worth about $30,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica during the first quarter worth approximately $31,000. 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.