Lululemon Athletica (NASDAQ:LULU) Given New $420.00 Price Target at KeyCorp

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price lifted by analysts at KeyCorp from $400.00 to $420.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "overweight" rating on the apparel retailer's stock. KeyCorp's target price suggests a potential upside of 2.32% from the stock's current price. KeyCorp also issued estimates for Lululemon Athletica's Q4 2025 earnings at $5.88 EPS, FY2025 earnings at $14.40 EPS and FY2026 earnings at $15.73 EPS.

Several other research firms have also weighed in on LULU. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Truist Financial increased their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC raised Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price for the company in a report on Friday, January 10th. Finally, Telsey Advisory Group raised their price target on Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $395.67.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $3.73 during trading on Thursday, reaching $410.47. The company had a trading volume of 1,299,113 shares, compared to its average volume of 1,646,308. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The firm's fifty day moving average is $378.74 and its 200-day moving average is $312.03. The company has a market cap of $49.99 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the business posted $2.53 EPS. Lululemon Athletica's quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica 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 transaction of $782,736.42. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm's 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 owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Lululemon Athletica

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after acquiring an additional 44,294 shares during the period. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lululemon Athletica by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after buying an additional 19,808 shares during the period. Montrusco Bolton Investments Inc. lifted its position in Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after buying an additional 185,440 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Lululemon Athletica by 60.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock valued at $148,201,000 after buying an additional 205,757 shares during the period. 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.