lululemon athletica inc. (NASDAQ:LULU) Given Average Recommendation of “Hold” by Brokerages

Shares of lululemon athletica inc. (NASDAQ:LULU) have been given an average recommendation of “Hold” by the thirty-five brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, thirty have assigned a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $214.4652.

Several equities research analysts recently issued reports on LULU shares. UBS Group reduced their price objective on shares of lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings raised shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Robert W. Baird reduced their price target on lululemon athletica from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Stifel Nicolaus decreased their price target on lululemon athletica from $210.00 to $176.00 and set a “hold” rating for the company in a research note on Wednesday, March 18th. Finally, Truist Financial lowered their price objective on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th.

lululemon athletica Stock Performance

Shares of LULU opened at $151.31 on Friday. The firm has a market cap of $17.75 billion, a PE ratio of 11.38, a PEG ratio of 4.88 and a beta of 1.00. The firm’s 50 day moving average price is $175.45 and its 200 day moving average price is $180.16. lululemon athletica has a twelve month low of $151.23 and a twelve month high of $348.50.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping the consensus estimate of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $6.14 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, Director Charles V. Bergh purchased 6,090 shares of the stock in a transaction on Friday, March 20th. The shares were bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the acquisition, the director directly owned 6,090 shares in the company, valued at approximately $999,978. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Trading of lululemon athletica

A number of institutional investors and hedge funds have recently modified their holdings of LULU. Norges Bank acquired a new position in lululemon athletica in the 4th quarter valued at $362,598,000. Boston Partners acquired a new position in lululemon athletica during the 4th quarter worth $304,875,000. Vanguard Group Inc. lifted its position in lululemon athletica by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after acquiring an additional 521,915 shares during the last quarter. Invesco Ltd. boosted its holdings in lululemon athletica by 28.7% during the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after acquiring an additional 490,127 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in lululemon athletica by 2,598.9% during the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after acquiring an additional 458,322 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.