Sanford C. Bernstein Upgrades Lululemon Athletica (NASDAQ:LULU) to “Outperform”

Lululemon Athletica (NASDAQ:LULU) was upgraded by Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a $460.00 price objective on the apparel retailer’s stock, up from their prior price objective of $360.00. Sanford C. Bernstein’s price target suggests a potential upside of 16.36% from the company’s current price.

LULU has been the subject of a number of other reports. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Truist Financial upped their price objective on Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Robert W. Baird increased their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $382.13.

Lululemon Athletica Trading Up 4.5 %

Shares of Lululemon Athletica stock opened at $395.31 on Tuesday. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $493.49. The stock has a market capitalization of $48.14 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.78 and a beta of 1.18. The business’s 50 day simple moving average is $348.98 and its 200-day simple moving average is $299.42.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business posted $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that Lululemon Athletica will post 14.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Market Strategies LLC boosted its stake in Lululemon Athletica by 6.5% during the fourth quarter. Capital Market Strategies LLC now owns 820 shares of the apparel retailer’s stock worth $314,000 after buying an additional 50 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Lululemon Athletica by 3.3% in the fourth quarter. Nordea Investment Management AB now owns 9,034 shares of the apparel retailer’s stock valued at $3,465,000 after acquiring an additional 287 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $1,327,000. Modus Advisors LLC bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $95,000. Finally, GAMMA Investing LLC increased its holdings in Lululemon Athletica by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 1,515 shares of the apparel retailer’s stock valued at $579,000 after purchasing an additional 548 shares in the last quarter. 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.