Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Evercore ISI Analyst Says

Lululemon Athletica (NASDAQ:LULU) had its target price lifted by Evercore ISI from $440.00 to $495.00 in a report released on Tuesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the apparel retailer’s stock.

LULU has been the subject of a number of other research reports. TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Barclays increased their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.67.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $421.16 on Tuesday. The stock has a fifty day simple moving average of $374.67 and a two-hundred day simple moving average of $310.08. The firm has a market capitalization of $51.29 billion, a PE ratio of 30.41, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $2.53 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares in the company, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

Hedge funds have recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter worth about $33,000. Sound Income Strategies LLC boosted its stake in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $36,000. Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica in the fourth quarter worth approximately $38,000. Finally, Roxbury Financial LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $38,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.