lululemon athletica inc. (NASDAQ:LULU) Given Average Rating of “Hold” by Analysts

lululemon athletica inc. (NASDAQ:LULUGet Free Report) has received a consensus recommendation of “Hold” from the thirty-three analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $201.6604.

Several research firms have recently issued reports on LULU. JPMorgan Chase & Co. reduced their target price on lululemon athletica from $196.00 to $173.00 in a research note on Wednesday, May 6th. Jefferies Financial Group reduced their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Citigroup dropped their target price on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Truist Financial reduced their price target on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research report on Wednesday, March 18th. Finally, Stifel Nicolaus lowered their price objective on shares of lululemon athletica from $210.00 to $176.00 and set a “hold” rating for the company in a report on Wednesday, March 18th.

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lululemon athletica Stock Up 0.3%

Shares of lululemon athletica stock opened at $127.18 on Friday. The company’s fifty day simple moving average is $148.01 and its two-hundred day simple moving average is $172.78. lululemon athletica has a 12-month low of $116.63 and a 12-month high of $340.25. The firm has a market cap of $15.35 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 3.90 and a beta of 0.90.

lululemon athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating the consensus estimate of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that lululemon athletica will post 12.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andre Maestrini purchased 3,275 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the transaction, the chief executive officer directly owned 34,551 shares of the company’s stock, valued at $5,217,892.02. This trade represents a 10.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 622 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total value of $100,142.00. Following the completion of the transaction, the insider owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. This trade represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On lululemon athletica

Large investors have recently made changes to their positions in the business. Norges Bank bought a new position in lululemon athletica during the 4th quarter valued at approximately $362,598,000. Boston Partners purchased a new stake in shares of lululemon athletica in the fourth quarter worth $304,875,000. Vanguard Group Inc. increased its holdings in shares of lululemon athletica by 3.9% during the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after acquiring an additional 521,915 shares in the last quarter. Invesco Ltd. raised its position in shares of lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after purchasing an additional 490,127 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in lululemon athletica by 77.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 979,054 shares of the apparel retailer’s stock worth $203,457,000 after purchasing an additional 426,860 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

About lululemon athletica

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

Further Reading

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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