Lululemon Athletica's (LULU) "Outperform" Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of Lululemon Athletica (NASDAQ:LULU - Free Report) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $430.00 price target on the apparel retailer's stock, up from their prior price target of $400.00.

LULU has been the subject of a number of other research reports. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Telsey Advisory Group lifted their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $425.00 to $428.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $388.93.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $12.08 during trading hours on Wednesday, reaching $376.66. 2,193,796 shares of the company were exchanged, compared to its average volume of 1,673,943. The firm has a market cap of $45.87 billion, a PE ratio of 27.20, a PEG ratio of 2.78 and a beta of 1.18. The stock's fifty day moving average is $358.92 and its 200 day moving average is $303.06. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $491.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 EPS. Research analysts expect that Lululemon Athletica will post 14.17 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the 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 in the company, 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. Corporate insiders own 0.48% of the company's stock.

Institutional Trading of Lululemon Athletica

Several institutional investors and hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC raised its position in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Lululemon Athletica by 4.6% in the third quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer's stock worth $258,000 after acquiring an additional 42 shares during the last quarter. First Pacific Financial lifted its position in shares of Lululemon Athletica by 1.4% in the fourth quarter. First Pacific Financial now owns 3,096 shares of the apparel retailer's stock valued at $1,184,000 after acquiring an additional 44 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of Lululemon Athletica by 5.6% during the fourth quarter. Claro Advisors LLC now owns 902 shares of the apparel retailer's stock valued at $345,000 after acquiring an additional 48 shares during the last quarter. Finally, Howard Financial Services LTD. increased its position in Lululemon Athletica by 5.7% during the 4th quarter. Howard Financial Services LTD. now owns 884 shares of the apparel retailer's stock worth $338,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors 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.