Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $250.00

Lululemon Athletica (NASDAQ:LULU) had its target price increased by research analysts at Robert W. Baird from $220.00 to $250.00 in a note issued to investors on Tuesday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 10.85% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Jefferies Financial Group boosted their target price on Lululemon Athletica from $175.00 to $200.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Wells Fargo & Co lifted their target price on shares of Lululemon Athletica from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank boosted their target price on shares of Lululemon Athletica from $205.00 to $216.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Piper Jaffray Companies set a $227.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, September 5th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica has an average rating of “Buy” and an average price target of $214.07.

Shares of LULU opened at $225.53 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The company has a 50 day moving average price of $210.35 and a 200-day moving average price of $190.28. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $229.65. The stock has a market capitalization of $29.40 billion, a PE ratio of 58.73, a PEG ratio of 2.62 and a beta of 0.66.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million during the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Lululemon Athletica’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica will post 4.74 EPS for the current year.

In related news, Director Dennis J. Wilson sold 46,725 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the sale, the director now directly owns 3,852 shares of the company’s stock, valued at $754,760.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis J. Wilson sold 99,133 shares of Lululemon Athletica stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $201.79, for a total value of $20,004,048.07. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in LULU. Algert Global LLC boosted its holdings in Lululemon Athletica by 129.2% during the second quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock worth $2,320,000 after buying an additional 7,257 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Lululemon Athletica by 70.3% in the third quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock valued at $225,000 after buying an additional 484 shares in the last quarter. Executive Wealth Management LLC raised its stake in shares of Lululemon Athletica by 7.6% during the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock worth $1,693,000 after buying an additional 663 shares during the period. Swiss National Bank raised its stake in shares of Lululemon Athletica by 10.8% during the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after buying an additional 35,800 shares during the period. Finally, Sigma Planning Corp lifted its position in shares of Lululemon Athletica by 47.1% during the 3rd quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock valued at $833,000 after buying an additional 1,387 shares in the last quarter. Institutional investors and hedge funds own 79.81% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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