Lululemon Athletica (NASDAQ:LULU) Given New $380.00 Price Target at Oppenheimer

Lululemon Athletica (NASDAQ:LULU) had its price target decreased by Oppenheimer from $445.00 to $380.00 in a research report released on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the apparel retailer’s stock.

Other equities analysts have also issued reports about the stock. KeyCorp decreased their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Morgan Stanley upped their price target on Lululemon Athletica from $314.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday. Telsey Advisory Group reduced their price objective on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a report on Monday, August 26th. Sanford C. Bernstein lowered their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Finally, TD Securities lifted their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $356.03.

Lululemon Athletica Trading Up 0.2 %

NASDAQ LULU opened at $319.52 on Wednesday. The stock’s fifty day moving average price is $295.06 and its 200-day moving average price is $287.84. The stock has a market cap of $39.23 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.38 and a beta of 1.24. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.68 EPS. As a group, analysts forecast that Lululemon Athletica will post 14.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp grew its position in shares of Lululemon Athletica by 46.4% during the third quarter. Synovus Financial Corp now owns 4,191 shares of the apparel retailer’s stock valued at $1,137,000 after purchasing an additional 1,329 shares in the last quarter. Tidal Investments LLC grew its holdings in Lululemon Athletica by 19.0% during the 3rd quarter. Tidal Investments LLC now owns 11,406 shares of the apparel retailer’s stock valued at $3,095,000 after buying an additional 1,822 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Lululemon Athletica in the 3rd quarter worth approximately $249,000. Sfmg LLC purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $2,984,000. Finally, World Investment Advisors LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at approximately $15,038,000. 85.20% of the stock is currently 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.