Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $360.00 at Truist Financial

Lululemon Athletica (NASDAQ:LULU) had its price objective upped by Truist Financial from $310.00 to $360.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the apparel retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Bank of America decreased their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price target on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Citigroup decreased their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Evercore ISI reissued an “outperform” rating and set a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price of $356.16.

Lululemon Athletica Trading Up 0.3 %

NASDAQ LULU opened at $319.23 on Tuesday. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $516.39. The stock’s 50 day moving average is $276.41 and its two-hundred day moving average is $291.84. The company has a market capitalization of $39.20 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.34 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business posted $2.68 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica will post 14.02 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Several large investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the period. Versant Capital Management Inc grew its stake in Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. Paladin Wealth LLC acquired a new stake in Lululemon Athletica during the third quarter worth approximately $29,000. Ridgewood Investments LLC bought a new stake in Lululemon Athletica in the second quarter worth approximately $33,000. Finally, Dnca Finance acquired a new position in Lululemon Athletica in the second quarter valued at approximately $34,000. 85.20% of the stock is currently owned by institutional investors.

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.