Lululemon Athletica (NASDAQ:LULU) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price objective boosted by equities research analysts at Morgan Stanley from $414.00 to $420.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the apparel retailer's stock. Morgan Stanley's target price indicates a potential upside of 11.51% from the company's previous close.

A number of other brokerages have also weighed in on LULU. Barclays raised their target price on Lululemon Athletica from $261.00 to $378.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Truist Financial increased their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Stifel Nicolaus reaffirmed a "buy" rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Two 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, the company has an average rating of "Moderate Buy" and an average price target of $388.93.

Lululemon Athletica Trading Down 3.1 %

LULU stock traded down $12.08 during trading on Wednesday, hitting $376.66. 2,193,796 shares of the stock traded hands, compared to its average volume of 1,673,943. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica has a one year low of $226.01 and a one year high of $491.30. The company has a 50 day simple moving average of $358.92 and a 200 day simple moving average of $303.06.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company posted $2.53 earnings per share. Lululemon Athletica's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts predict that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business's 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 transaction, the insider now directly owns 12,429 shares in the company, 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. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Lululemon Athletica

Large investors have recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth about $29,000. JFS Wealth Advisors LLC increased its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after buying an additional 65 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer's stock worth $39,000 after buying an additional 76 shares during the last quarter. Asset Dedication LLC raised its stake in Lululemon Athletica by 402.1% in the third quarter. Asset Dedication LLC now owns 236 shares of the apparel retailer's stock valued at $64,000 after buying an additional 189 shares during the period. Finally, Avondale Wealth Management acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $68,000. Institutional investors and hedge funds own 85.20% of the company's stock.

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.