lululemon athletica inc. (NASDAQ:LULU) Receives Consensus Rating of "Moderate Buy" from Brokerages

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 company, Marketbeat Ratings reports. One 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 price objective among brokerages that have updated their coverage on the stock in the last year is $335.91.

Several research analysts have commented on LULU shares. UBS Group cut their price target on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Needham & Company LLC dropped their price objective on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. JPMorgan Chase & Co. downgraded shares of lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $303.00 to $224.00 in a report on Tuesday. Argus downgraded shares of lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, 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 note on Friday, June 6th.

lululemon athletica Trading Up 0.8%

NASDAQ LULU traded up $1.78 during trading hours on Friday, hitting $224.99. The company's stock had a trading volume of 2,005,375 shares, compared to its average volume of 2,374,621. lululemon athletica has a 52 week low of $216.81 and a 52 week high of $423.32. The company has a market capitalization of $26.96 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. The company's 50-day simple moving average is $269.27 and its two-hundred day simple moving average is $311.00.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. Research analysts anticipate that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares of the company's stock, 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 at the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors and hedge funds have recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica during the 1st quarter worth $29,000. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica during the 4th quarter worth $30,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica during the 1st quarter worth $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.