KeyCorp Forecasts Strong Price Appreciation for Lululemon Athletica (NASDAQ:LULU) Stock

Lululemon Athletica (NASDAQ:LULU) had its price target increased by analysts at KeyCorp from $400.00 to $420.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. KeyCorp’s price target would indicate a potential upside of 10.08% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Barclays raised their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Wells Fargo & Company raised their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Finally, UBS Group raised their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.00.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $381.53 on Thursday. Lululemon Athletica has a one year low of $226.01 and a one year high of $491.30. The stock has a market capitalization of $46.46 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.43 and a beta of 1.18. The business’s fifty day moving average is $365.84 and its 200 day moving average is $306.17.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. As a group, sell-side analysts expect that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 11.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the apparel retailer’s stock worth $179,000 after buying an additional 60 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Lululemon Athletica by 70.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock worth $1,308,000 after buying an additional 1,816 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Lululemon Athletica by 59.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,005 shares of the apparel retailer’s stock worth $6,573,000 after buying an additional 8,229 shares during the period. Fred Alger Management LLC lifted its holdings in shares of Lululemon Athletica by 2,895.4% in the 2nd quarter. Fred Alger Management LLC now owns 27,078 shares of the apparel retailer’s stock worth $8,088,000 after buying an additional 26,174 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 92.7% in the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock worth $31,823,000 after buying an additional 51,355 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.