UBS Group set a $210.00 price objective on Lululemon Athletica (NASDAQ:LULU) in a research note published on Monday morning, TipRanks reports. The firm currently has a hold rating on the apparel retailer’s stock.

Several other analysts have also recently issued reports on the stock. Cowen boosted their price objective on shares of Lululemon Athletica from $200.00 to $214.00 and gave the company an outperform rating in a research note on Friday, September 6th. B. Riley set a $176.00 target price on Lululemon Athletica and gave the stock a hold rating in a research report on Friday, September 6th. Zacks Investment Research upgraded Lululemon Athletica from a hold rating to a buy rating and set a $213.00 target price on the stock in a report on Monday. KeyCorp reissued a hold rating on shares of Lululemon Athletica in a research report on Friday, September 6th. Finally, Wedbush boosted their price target on Lululemon Athletica from $175.00 to $190.00 and gave the company a neutral rating in a research report on Friday, September 6th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $204.64.

Shares of LULU traded up $3.15 during mid-day trading on Monday, hitting $196.41. The company had a trading volume of 2,050,080 shares, compared to its average volume of 2,127,771. Lululemon Athletica has a 1-year low of $110.71 and a 1-year high of $204.44. The business’s 50-day simple moving average is $184.73 and its 200-day simple moving average is $173.28. The stock has a market cap of $25.32 billion, a PE ratio of 51.15, a P/E/G ratio of 2.22 and a beta of 0.65. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. Lululemon Athletica’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, sell-side analysts expect that Lululemon Athletica will post 4.73 earnings per share for the current year.

In related news, Director Dennis J. Wilson sold 46,725 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the sale, the director now directly owns 3,852 shares in the company, valued at approximately $754,760.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David M. Mussafer sold 4,484 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the transaction, the director now directly owns 18,947 shares in the company, valued at $3,526,036.70. The disclosure for this sale can be found here. Insiders sold 425,032 shares of company stock valued at $80,229,658 in the last ninety days. Company insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the first quarter worth $25,000. Virtus ETF Advisers LLC purchased a new stake in Lululemon Athletica during the 2nd quarter worth $27,000. SevenBridge Financial Group LLC acquired a new position in Lululemon Athletica in the 2nd quarter worth $35,000. Cordasco Financial Network acquired a new position in Lululemon Athletica in the 2nd quarter worth $36,000. Finally, Winslow Evans & Crocker Inc. boosted its position in Lululemon Athletica by 2,000.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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