Lululemon Athletica Inc. (NASDAQ:LULU) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $354.55.

LULU has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Lululemon Athletica from $326.00 to $314.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. JPMorgan Chase & Co. decreased their price target on Lululemon Athletica from $457.00 to $338.00 and set an "overweight" rating on the stock in a research report on Thursday, July 25th. Barclays cut their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Finally, UBS Group cut their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating for the company in a report on Tuesday, August 20th.

Insider Activity at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares of the company's stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lululemon Athletica

A number of large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its stake in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 44 shares in the last quarter. Riverview Trust Co bought a new stake in Lululemon Athletica during the 1st quarter valued at approximately $29,000. Larson Financial Group LLC grew its holdings in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 43 shares during the period. Versant Capital Management Inc raised its position in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $29,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 2.8 %

Shares of NASDAQ:LULU traded up $7.92 during mid-day trading on Friday, hitting $291.63. 1,692,002 shares of the company traded hands, compared to its average volume of 2,118,904. The stock has a market cap of $36.45 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.99 and a beta of 1.25. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The stock has a 50-day moving average price of $265.04 and a two-hundred day moving average price of $296.64.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $2.68 EPS. The business's revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica will post 14.02 earnings per share for the current year.

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.