Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $376.00 at BMO Capital Markets

Lululemon Athletica (NASDAQ:LULU) had its target price upped by BMO Capital Markets from $355.00 to $376.00 in a research report sent to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

Other analysts have also recently issued reports about the stock. Raymond James lifted their target price on shares of Lululemon Athletica from $438.00 to $440.00 and gave the stock a strong-buy rating in a research note on Friday. UBS Group upped their target price on Lululemon Athletica from $407.00 to $429.00 in a research note on Friday. Morgan Stanley raised their price target on Lululemon Athletica from $405.00 to $424.00 in a research note on Friday, June 2nd. Wells Fargo & Company upped their price objective on shares of Lululemon Athletica from $425.00 to $445.00 and gave the company an overweight rating in a research note on Friday. Finally, Stifel Nicolaus raised their target price on shares of Lululemon Athletica from $460.00 to $463.00 and gave the stock a buy rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $435.69.

Lululemon Athletica Stock Up 6.0 %

NASDAQ LULU opened at $404.19 on Friday. Lululemon Athletica has a fifty-two week low of $277.50 and a fifty-two week high of $406.75. The business has a fifty day moving average of $378.66 and a 200-day moving average of $358.80. The stock has a market cap of $51.36 billion, a price-to-earnings ratio of 54.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.42.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.14. Lululemon Athletica had a net margin of 11.24% and a return on equity of 44.94%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica will post 11.93 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors have recently added to or reduced their stakes in LULU. Spire Wealth Management boosted its holdings in Lululemon Athletica by 45.8% in the first quarter. Spire Wealth Management now owns 4,171 shares of the apparel retailer’s stock valued at $1,519,000 after purchasing an additional 1,311 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Lululemon Athletica by 91.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,870 shares of the apparel retailer’s stock valued at $599,000 after buying an additional 893 shares during the last quarter. Simplicity Solutions LLC grew its position in shares of Lululemon Athletica by 124.3% during the first quarter. Simplicity Solutions LLC now owns 3,070 shares of the apparel retailer’s stock worth $1,118,000 after buying an additional 1,701 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Lululemon Athletica by 126.5% in the first quarter. Janiczek Wealth Management LLC now owns 77 shares of the apparel retailer’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Lululemon Athletica by 8.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,063 shares of the apparel retailer’s stock valued at $1,622,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.