Raymond James Reaffirms Market Perform Rating for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “market perform” rating reiterated by Raymond James in a note issued to investors on Friday, MarketBeat reports.

A number of other brokerages also recently issued reports on LULU. Truist Financial upped their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Robert W. Baird raised their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. KeyCorp increased their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $391.28.

Lululemon Athletica Trading Up 1.1 %

LULU opened at $341.53 on Friday. The stock has a fifty day moving average price of $366.25 and a 200-day moving average price of $338.67. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm posted $5.29 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth $26,000. Anderson Financial Strategies LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at about $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Asset Planning Inc acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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.