Shares of Lululemon Athletica inc. (NASDAQ:LULU) have received a consensus rating of “Buy” from the thirty-five research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $163.17.

Several equities research analysts have issued reports on LULU shares. Wedbush raised Lululemon Athletica from a “neutral” rating to an “outperform” rating and set a $176.00 price target for the company in a report on Monday, October 15th. Canaccord Genuity raised Lululemon Athletica from a “hold” rating to a “buy” rating and raised their price target for the company from $152.00 to $160.00 in a report on Wednesday, October 24th. BidaskClub cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. ValuEngine cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, MKM Partners increased their price objective on Lululemon Athletica from $174.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd.

In related news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the firm’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $145.00, for a total value of $199,955,000.00. Following the transaction, the insider now owns 3,852 shares in the company, valued at $558,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dennis J. Wilson sold 847,000 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $136.53, for a total value of $115,640,910.00. Following the completion of the transaction, the insider now owns 3,852 shares in the company, valued at approximately $525,913.56. The disclosure for this sale can be found here. Insiders sold 2,914,928 shares of company stock worth $414,622,960 in the last 90 days. 0.32% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LULU. AdvisorNet Financial Inc increased its position in shares of Lululemon Athletica by 70.8% in the fourth quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 85 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Lululemon Athletica by 11,283.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 4,023,801 shares during the period. Exane Derivatives increased its position in shares of Lululemon Athletica by 32,600.0% in the fourth quarter. Exane Derivatives now owns 327 shares of the apparel retailer’s stock worth $40,000 after purchasing an additional 326 shares during the period. Karp Capital Management Corp bought a new position in shares of Lululemon Athletica in the fourth quarter worth $43,000. Finally, Whittier Trust Co. increased its position in shares of Lululemon Athletica by 76.4% in the fourth quarter. Whittier Trust Co. now owns 388 shares of the apparel retailer’s stock worth $47,000 after purchasing an additional 168 shares during the period. Institutional investors own 81.48% of the company’s stock.

Shares of Lululemon Athletica stock opened at $149.79 on Tuesday. Lululemon Athletica has a 1 year low of $76.60 and a 1 year high of $164.79. The firm has a market cap of $19.68 billion, a price-to-earnings ratio of 57.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.55.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Lululemon Athletica had a return on equity of 30.28% and a net margin of 12.63%. The business had revenue of $747.70 million during the quarter, compared to the consensus estimate of $736.10 million. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Equities research analysts expect that Lululemon Athletica will post 3.78 earnings per share for the current fiscal year.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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