Lululemon Athletica Inc. (NASDAQ:LULU) Receives $483.61 Average PT from Analysts

Lululemon Athletica Inc. (NASDAQ:LULU) has received an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $481.96.

LULU has been the subject of a number of analyst reports. Truist Financial cut their price target on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research note on Monday, March 25th. BMO Capital Markets increased their price target on Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Barclays dropped their price objective 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. Citigroup dropped their price objective on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $550.00 price objective on shares of Lululemon Athletica in a report on Friday, March 22nd.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt bought 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Lululemon Athletica by 32.3% during the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock valued at $4,955,918,000 after buying an additional 2,369,119 shares during the period. Morgan Stanley grew its holdings in Lululemon Athletica by 29.2% in the third quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock worth $746,034,000 after purchasing an additional 437,069 shares during the last quarter. Schroder Investment Management Group grew its holdings in Lululemon Athletica by 20.0% in the third quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock worth $719,198,000 after purchasing an additional 310,347 shares during the last quarter. Capital World Investors grew its holdings in Lululemon Athletica by 0.9% in the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock worth $791,371,000 after purchasing an additional 14,112 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Lululemon Athletica by 11.1% in the third quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock worth $529,756,000 after purchasing an additional 137,454 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

NASDAQ:LULU opened at $364.70 on Friday. The firm has a market capitalization of $45.96 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. Lululemon Athletica has a one year low of $326.93 and a one year high of $516.39. The business has a fifty day moving average price of $410.57 and a 200-day moving average price of $439.16.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business posted $4.40 EPS. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica will post 14.15 earnings per share 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.