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

lululemon athletica inc. (NASDAQ:LULU) has earned an average recommendation of “Hold” from the thirty-five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, thirty have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $214.4652.

LULU has been the topic of several recent analyst reports. UBS Group dropped their price target on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. JPMorgan Chase & Co. decreased their price objective on lululemon athletica from $209.00 to $196.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Evercore lifted their target price on lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. BNP Paribas Exane dropped their target price on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, Truist Financial reduced their price target on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating for the company in a research report on Wednesday, March 18th.

lululemon athletica Stock Performance

lululemon athletica stock opened at $151.31 on Friday. lululemon athletica has a 52 week low of $151.23 and a 52 week high of $348.50. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 4.88 and a beta of 1.00. The company has a 50 day moving average price of $175.45 and a 200 day moving average price of $180.16.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.23. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $6.14 EPS. Equities analysts forecast that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles V. Bergh acquired 6,090 shares of the company’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the purchase, the director owned 6,090 shares in the company, valued at $999,978. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Several institutional investors and hedge funds have recently modified their holdings of LULU. Vanguard Group Inc. raised 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 worth $2,452,394,000 after acquiring an additional 521,915 shares in the last quarter. Geode Capital Management LLC grew its stake in lululemon athletica by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock valued at $631,526,000 after purchasing an additional 71,464 shares in the last quarter. Invesco Ltd. increased its position in 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. Morgan Stanley increased its position in lululemon athletica by 2.8% in the 4th quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock worth $456,592,000 after purchasing an additional 59,282 shares during the last quarter. Finally, Flossbach Von Storch SE raised its stake in shares of lululemon athletica by 17.7% during the 3rd quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock worth $343,553,000 after purchasing an additional 290,614 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

About lululemon athletica

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.