Lululemon Athletica (NASDAQ:LULU) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research report released on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $550.00 price target on the apparel retailer’s stock.

Other research analysts also recently issued reports about the company. TD Cowen cut their target price on Lululemon Athletica from $553.00 to $515.00 and set an outperform rating on the stock in a report on Friday, March 22nd. BMO Capital Markets lifted their target price on Lululemon Athletica from $408.00 to $420.00 and gave the stock a market perform rating in a report on Friday, March 22nd. Robert W. Baird cut their target price on Lululemon Athletica from $555.00 to $505.00 and set an outperform rating on the stock in a report on Friday, April 19th. Morgan Stanley cut their target price on Lululemon Athletica from $539.00 to $490.00 and set an overweight rating on the stock in a report on Friday, March 22nd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $465.13.

Lululemon Athletica Stock Up 1.1 %

NASDAQ LULU opened at $303.01 on Wednesday. Lululemon Athletica has a twelve month low of $295.28 and a twelve month high of $516.39. The company has a market cap of $38.18 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30. The business’s fifty day moving average is $363.48 and its 200 day moving average is $430.77.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the business posted $4.40 EPS. Lululemon Athletica’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica will post 14.11 earnings per share for the current fiscal year.

Insider Activity at Lululemon Athletica

In other news, Director Martha A. M. Morfitt bought 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Lululemon Athletica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Lululemon Athletica by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after buying an additional 154,985 shares in the last quarter. Morgan Stanley boosted its stake in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer’s stock valued at $746,034,000 after purchasing an additional 437,069 shares during the last quarter. Schroder Investment Management Group boosted its stake in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer’s stock valued at $719,198,000 after purchasing an additional 310,347 shares during the last quarter. Capital World Investors boosted its stake in Lululemon Athletica by 0.9% during the 4th quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock valued at $791,371,000 after purchasing an additional 14,112 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Lululemon Athletica by 11.1% during the 3rd quarter. American Century Companies Inc. now owns 1,373,814 shares of the apparel retailer’s stock valued at $529,756,000 after purchasing an additional 137,454 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

About Lululemon Athletica

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.