Lululemon Athletica (NASDAQ:LULU) Given New $411.00 Price Target at Barclays

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price objective lifted by research analysts at Barclays from $378.00 to $411.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has an "equal weight" rating on the apparel retailer's stock. Barclays's price target would suggest a potential upside of 9.98% from the stock's current price.

LULU has been the subject of a number of other reports. TD Securities boosted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Morgan Stanley upped their price target on Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday. BMO Capital Markets raised their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $390.33.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded up $2.71 during trading on Thursday, reaching $373.70. 1,340,496 shares of the stock were exchanged, compared to its average volume of 1,655,744. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $491.30. The stock has a fifty day moving average of $361.31 and a two-hundred day moving average of $304.04. The firm has a market cap of $45.51 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

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

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 2,022 shares of the company's 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on 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 transaction, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Lululemon Athletica during the third quarter worth about $93,476,000. The Manufacturers Life Insurance Company increased its position in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica in the third quarter valued at approximately $81,405,000. Finally, River Road Asset Management LLC bought a new stake in Lululemon Athletica during the third quarter valued at approximately $79,503,000. 85.20% of the stock is currently owned by 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.