lululemon athletica (NASDAQ:LULU) Price Target Raised to $209.00

lululemon athletica (NASDAQ:LULU) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $203.00 to $209.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 4.95% from the company’s previous close.

LULU has been the subject of a number of other research reports. Guggenheim began coverage on shares of lululemon athletica in a research note on Wednesday, December 10th. They issued a “neutral” rating for the company. Bank of America raised their price objective on shares of lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Morgan Stanley cut their target price on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Needham & Company LLC restated a “hold” rating on shares of lululemon athletica in a research note on Friday, November 21st. Finally, Evercore ISI boosted their target price on shares of lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of “Hold” and an average price target of $228.40.

lululemon athletica Trading Down 1.4%

Shares of LULU stock opened at $199.14 on Tuesday. The company’s fifty day simple moving average is $194.17 and its 200-day simple moving average is $191.76. lululemon athletica has a 52 week low of $159.25 and a 52 week high of $423.32. The company has a market cap of $23.36 billion, a PE ratio of 13.80, a P/E/G ratio of 12.44 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. Equities research analysts expect that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Activity at lululemon athletica

In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the sale, the insider directly owned 5,318 shares of the company’s stock, valued at $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On lululemon athletica

A number of hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its holdings in shares of lululemon athletica by 25.1% during the 4th quarter. Perigon Wealth Management LLC now owns 1,431 shares of the apparel retailer’s stock valued at $297,000 after purchasing an additional 287 shares in the last quarter. Tema Etfs LLC acquired a new position in shares of lululemon athletica during the 4th quarter valued at about $414,000. Nisa Investment Advisors LLC lifted its holdings in lululemon athletica by 119.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,141 shares of the apparel retailer’s stock worth $1,900,000 after purchasing an additional 4,982 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in lululemon athletica during the fourth quarter valued at approximately $227,000. Finally, Silver Oak Securities Incorporated bought a new position in lululemon athletica in the 4th quarter worth $449,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.