lululemon athletica (NASDAQ:LULU) Price Target Raised to $190.00

lululemon athletica (NASDAQ:LULU) had its price target upped by Piper Sandler from $165.00 to $190.00 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a neutral rating on the apparel retailer’s stock.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of lululemon athletica from $200.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Telsey Advisory Group raised their price objective on shares of lululemon athletica from $200.00 to $215.00 and gave the stock a “market perform” rating in a research report on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of lululemon athletica in a research note on Wednesday, October 8th. William Blair downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their price target on lululemon athletica from $191.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-one have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $227.95.

lululemon athletica Stock Performance

LULU opened at $204.97 on Friday. lululemon athletica has a one year low of $159.25 and a one year high of $423.32. The stock has a market capitalization of $24.31 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 12.71 and a beta of 1.01. The business’s 50-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 results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.48 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS. 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 forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction dated 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 owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Institutional Trading of lululemon athletica

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. IFP Advisors Inc grew its holdings in lululemon athletica by 53.3% in the third quarter. IFP Advisors Inc now owns 1,754 shares of the apparel retailer’s stock valued at $333,000 after purchasing an additional 610 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of 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 buying an additional 12,261 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in lululemon athletica in the 3rd quarter valued at about $240,000. Greenfield Seitz Capital Management LLC grew its stake in lululemon athletica by 6.9% in 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 acquiring an additional 400 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in lululemon athletica by 45.2% during the 3rd quarter. Centaurus Financial Inc. now owns 2,040 shares of the apparel retailer’s stock valued at $363,000 after acquiring an additional 635 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.