Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $481.96.
A number of research analysts have recently commented on the stock. Raymond James increased their target price on shares of Lululemon Athletica from $495.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, January 10th. Truist Financial dropped their target price on shares of Lululemon Athletica from $561.00 to $498.00 and set a "buy" rating for the company in a report on Monday, March 25th. HSBC dropped their target price on shares of Lululemon Athletica from $500.00 to $405.00 in a report on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a "market perform" rating in a report on Friday, March 22nd. Finally, Barclays dropped their target price on shares of Lululemon Athletica from $610.00 to $546.00 and set an "overweight" rating for the company in a report on Friday, March 22nd.
Check Out Our Latest Report on LULU
Lululemon Athletica Price Performance
LULU traded up $4.70 on Friday, hitting $364.70. 1,232,710 shares of the stock were exchanged, compared to its average volume of 1,773,002. Lululemon Athletica has a 12 month low of $326.93 and a 12 month high of $516.39. The business has a 50-day moving average of $412.27 and a two-hundred day moving average of $438.30. The firm has a market capitalization of $45.96 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.29 and a beta of 1.30.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.19 billion. During the same quarter in the prior year, the business posted $4.40 earnings per share. Lululemon Athletica's revenue was up 15.6% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica will post 14.15 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Martha A. M. Morfitt bought 700 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company's stock.
Institutional Investors Weigh In On Lululemon Athletica
A number of institutional investors and hedge funds have recently made changes to their positions in LULU. CWM LLC raised its stake in shares of Lululemon Athletica by 9.3% in the third quarter. CWM LLC now owns 1,349 shares of the apparel retailer's stock worth $520,000 after purchasing an additional 115 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Lululemon Athletica by 57.0% during the third quarter. IFP Advisors Inc now owns 700 shares of the apparel retailer's stock valued at $270,000 after buying an additional 254 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in shares of Lululemon Athletica by 954.5% during the third quarter. Impact Partnership Wealth LLC now owns 116 shares of the apparel retailer's stock valued at $45,000 after buying an additional 105 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Lululemon Athletica by 11.1% during the third quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer's stock valued at $741,000 after buying an additional 192 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of Lululemon Athletica by 44.4% during the third quarter. Caprock Group LLC now owns 995 shares of the apparel retailer's stock valued at $384,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.
About Lululemon Athletica
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Get Free ReportLululemon 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.
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