lululemon athletica (NASDAQ:LULU) Given “Buy” Rating at BTIG Research

BTIG Research reissued their buy rating on shares of lululemon athletica (NASDAQ:LULU) in a research note issued to investors on Friday,Benzinga reports. They currently have a $225.00 price target on the apparel retailer’s stock.

A number of other research firms have also recently issued reports on LULU. Telsey Advisory Group cut their price target on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating for the company in a report on Wednesday, March 18th. Truist Financial cut their price target on lululemon athletica from $200.00 to $170.00 and set a “hold” rating for the company in a report on Wednesday, March 18th. Citigroup cut their price target on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Weiss Ratings cut lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Finally, UBS Group cut their price target on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica has a consensus rating of “Hold” and a consensus price target of $201.66.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $131.25 on Friday. lululemon athletica has a 52 week low of $116.63 and a 52 week high of $340.25. The company’s fifty day moving average is $144.96 and its 200-day moving average is $171.55. The company has a market capitalization of $15.84 billion, a PE ratio of 9.87, a P/E/G ratio of 4.05 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company earned $6.14 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts forecast that lululemon athletica will post 12.26 EPS for the current year.

Insider Activity

In related news, CEO Andre Maestrini purchased 3,275 shares of the stock in a transaction dated Wednesday, April 1st. The stock was bought at an average cost of $151.02 per share, with a total value of $494,590.50. Following the purchase, the chief executive officer directly owned 34,551 shares in the company, valued at $5,217,892.02. The trade was a 10.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles V. Bergh purchased 6,090 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $164.20 per share, with a total value of $999,978.00. Following the completion of the purchase, the director owned 6,090 shares in the company, valued at $999,978. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of lululemon athletica

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Integrated Financial Solutions Inc. bought a new stake in shares of lululemon athletica in the 4th quarter valued at about $26,000. Uniplan Investment Counsel Inc. bought a new stake in shares of lululemon athletica in the 4th quarter valued at about $26,000. Murphy & Mullick Capital Management Corp increased its stake in shares of lululemon athletica by 187.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new stake in shares of lululemon athletica in the 4th quarter valued at about $27,000. 85.20% of the stock is owned by institutional investors.

Key Stories Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: BTIG Research reaffirmed its Buy rating on lululemon and raised its price target to $225, implying meaningful upside from current levels. BTIG reiterates buy on lululemon
• Positive Sentiment: Lululemon reached a cooperation agreement with founder Chip Wilson, ending the proxy fight and adding board members, which could reduce governance uncertainty ahead of the CEO transition. Lululemon board truce with founder resets governance
• Neutral Sentiment: Options markets are pricing in a possible move of about 9.4% after the upcoming earnings report, highlighting that a larger-than-usual post-earnings swing is possible. Lululemon earnings could swing stock
• Neutral Sentiment: Several previews suggest Q1 earnings may decline, with investors focused on whether China, men’s, and digital growth can offset soft North American demand and tariff pressure on margins. Lululemon pre-Q1 earnings article
• Negative Sentiment: Analysts warned that lululemon may not have the right setup for an earnings beat, reinforcing concerns that the upcoming report could disappoint if trends in the Americas remain weak. Zacks earnings preview

About lululemon athletica

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.