JPMorgan Chase & Co. Raises Lululemon Athletica (NASDAQ:LULU) Price Target to $437.00

Lululemon Athletica (NASDAQ:LULU - Free Report) had its target price upped by JPMorgan Chase & Co. from $428.00 to $437.00 in a research note published on Thursday, MarketBeat Ratings reports. They currently have an overweight rating on the apparel retailer's stock.

Several other research firms also recently weighed in on LULU. KeyCorp boosted their target price on shares of Lululemon Athletica from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Stifel Nicolaus reissued a "buy" rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Morgan Stanley upped their price objective on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday. TD Cowen upped their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Guggenheim upped their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $390.33.

Lululemon Athletica Stock Down 1.5 %

Shares of NASDAQ LULU traded down $5.67 during trading hours on Thursday, hitting $370.99. 1,803,440 shares of the stock were exchanged, compared to its average volume of 1,686,918. The company has a market cap of $45.18 billion, a PE ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.18. The firm has a fifty day moving average price of $360.19 and a 200-day moving average price of $303.57. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 EPS. As a group, equities analysts anticipate that Lululemon Athletica will post 14.18 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value 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. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC boosted its stake in Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares during the period. Sunbelt Securities Inc. boosted its stake in Lululemon Athletica by 4.6% during the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock worth $258,000 after buying an additional 42 shares during the period. First Pacific Financial boosted its stake in Lululemon Athletica by 1.4% during the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock worth $1,184,000 after buying an additional 44 shares during the period. Claro Advisors LLC boosted its stake in Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer's stock worth $345,000 after buying an additional 48 shares during the period. Finally, Howard Financial Services LTD. boosted its stake in Lululemon Athletica by 5.7% during the fourth quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer's stock worth $338,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors 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.