Robert W. Baird Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Free Report) had its price target increased by Robert W. Baird from $350.00 to $380.00 in a research report sent to investors on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the apparel retailer's stock.

LULU has been the subject of several other reports. Sanford C. Bernstein lowered their target price on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a research report on Friday, August 30th. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Thursday, July 25th. UBS Group decreased their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating for the company in a research note on Tuesday, August 20th. The Goldman Sachs Group cut Lululemon Athletica from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Finally, Raymond James dropped their price objective on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $357.13.

Lululemon Athletica Stock Down 1.9 %

LULU stock traded down $6.09 during midday trading on Wednesday, reaching $313.14. The company's stock had a trading volume of 2,204,310 shares, compared to its average volume of 1,964,148. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a market cap of $38.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.31 and a beta of 1.24. The business's 50-day simple moving average is $277.50 and its 200-day simple moving average is $291.99.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. Versant Capital Management Inc grew its position in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after buying an additional 40 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Lululemon Athletica during the second quarter valued at approximately $33,000. 85.20% of the stock is owned by institutional investors.

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.