Other analysts have also issued research reports about the company. Jefferies Financial Group restated an "underperform" rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Stifel Nicolaus reiterated a "buy" rating and issued a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $390.33.
Check Out Our Latest Report on Lululemon Athletica
Shares of NASDAQ:LULU traded down $1.55 during midday trading on Thursday, reaching $375.11. The company had a trading volume of 1,067,385 shares, compared to its average volume of 1,610,947. The company has a fifty day simple moving average of $358.92 and a two-hundred day simple moving average of $303.06. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $491.30.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company posted $2.53 earnings per share. The business's revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Lululemon Athletica will post 14.18 EPS for the current year.
In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.
Several institutional investors have recently bought and sold shares of LULU. Shepherd Financial Partners LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at $953,000. XTX Topco Ltd lifted its holdings in Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer's stock valued at $2,657,000 after purchasing an additional 6,562 shares during the last quarter. Rheos Capital Works Inc. boosted its position in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer's stock valued at $4,206,000 after buying an additional 2,500 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after buying an additional 4,564 shares in the last quarter. Finally, Caxton Associates LP grew its stake in Lululemon Athletica by 6,702.7% during the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer's stock worth $17,922,000 after buying an additional 59,118 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.
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.
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