Brokerages Set Lululemon Athletica Inc. (NASDAQ:LULU) PT at $474.79

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have earned an average recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and twenty-two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $465.48.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. KeyCorp lowered their target price on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $408.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Finally, Needham & Company LLC cut their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Daymark Wealth Partners LLC grew its position in Lululemon Athletica by 3.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after purchasing an additional 21 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc lifted its stake in Lululemon Athletica by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after purchasing an additional 23 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after buying an additional 25 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Lululemon Athletica by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 29 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $299.74 on Tuesday. Lululemon Athletica has a 52-week low of $295.28 and a 52-week high of $516.39. The company has a market cap of $37.77 billion, a P/E ratio of 24.55, a P/E/G ratio of 1.45 and a beta of 1.30. The stock’s 50-day moving average is $366.72 and its 200-day moving average is $431.38.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.40 earnings per share. As a group, equities analysts predict that Lululemon Athletica will post 14.15 EPS for the current year.

About Lululemon Athletica

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.