lululemon athletica inc. (NASDAQ:LULU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of lululemon athletica inc. (NASDAQ:LULU) have received an average recommendation of “Moderate Buy” from the thirty-one research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $338.73.

Several research analysts have issued reports on LULU shares. JPMorgan Chase & Co. cut their price objective on lululemon athletica from $389.00 to $303.00 and set an “overweight” rating for the company in a research report on Friday, June 6th. Truist Financial cut their price target on lululemon athletica from $297.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, June 6th. BTIG Research dropped their price objective on lululemon athletica from $420.00 to $405.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Needham & Company LLC reduced their target price on shares of lululemon athletica from $366.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Finally, Cfra Research raised shares of lululemon athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st.

lululemon athletica Trading Down 1.5%

Shares of LULU stock opened at $229.77 on Friday. The company’s 50-day moving average price is $269.27 and its 200-day moving average price is $311.43. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.95 and a beta of 1.17. lululemon athletica has a twelve month low of $219.97 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the firm earned $2.54 EPS. lululemon athletica’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of lululemon athletica

Large investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in shares of lululemon athletica in the 4th quarter worth approximately $429,000. Harbour Investments Inc. increased its stake in shares of lululemon athletica by 80.0% in the fourth quarter. Harbour Investments Inc. now owns 189 shares of the apparel retailer’s stock worth $72,000 after acquiring an additional 84 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of lululemon athletica by 2.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 66,437 shares of the apparel retailer’s stock worth $25,406,000 after acquiring an additional 1,721 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of lululemon athletica by 5.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,253 shares of the apparel retailer’s stock worth $5,068,000 after acquiring an additional 722 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in shares of lululemon athletica by 43.6% in the fourth quarter. Mizuho Securities USA LLC now owns 10,706 shares of the apparel retailer’s stock worth $4,094,000 after acquiring an additional 3,249 shares during the period. 85.20% of the stock is currently owned by institutional investors.

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.