lululemon athletica (NASDAQ:LULU) Price Target Raised to $175.00

lululemon athletica (NASDAQ:LULU) had its price objective lifted by Wells Fargo & Company from $160.00 to $175.00 in a research report sent to investors on Friday, MarketBeat reports. They currently have an equal weight rating on the apparel retailer’s stock.

Other equities analysts have also issued reports about the stock. William Blair lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. Truist Financial cut lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 target price on the stock. in a research report on Friday, September 5th. Piper Sandler boosted their price target on lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday. Sanford C. Bernstein cut lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective for the company. in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group lifted their target price on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $227.95.

lululemon athletica Trading Up 9.6%

LULU opened at $204.97 on Friday. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 12.71 and a beta of 1.01. lululemon athletica has a 12-month low of $159.25 and a 12-month high of $423.32. The business’s fifty day simple moving average is $174.48 and its 200-day simple moving average is $201.13.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. On average, equities research analysts predict that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider directly owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake in shares of lululemon athletica by 53.3% during the third quarter. IFP Advisors Inc now owns 1,754 shares of the apparel retailer’s stock worth $333,000 after buying an additional 610 shares during the period. Swiss Life Asset Management Ltd raised its stake in lululemon athletica by 38.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 44,470 shares of the apparel retailer’s stock worth $7,913,000 after acquiring an additional 12,261 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in lululemon athletica during the 3rd quarter worth about $240,000. Greenfield Seitz Capital Management LLC grew its stake in lululemon athletica by 6.9% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 6,184 shares of the apparel retailer’s stock valued at $1,100,000 after purchasing an additional 400 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of lululemon athletica by 45.2% in the third quarter. Centaurus Financial Inc. now owns 2,040 shares of the apparel retailer’s stock valued at $363,000 after purchasing an additional 635 shares during the period. Hedge funds and other institutional investors own 85.20% 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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.