lululemon athletica (NASDAQ:LULU) Price Target Raised to $220.00 at Bank of America

lululemon athletica (NASDAQ:LULU) had its price target increased by Bank of America from $185.00 to $220.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

LULU has been the topic of a number of other reports. Morgan Stanley reduced their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 30th. Citigroup set a $190.00 price target on lululemon athletica and gave the stock a “neutral” rating in a report on Thursday, November 20th. BNP Paribas raised lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Telsey Advisory Group lifted their target price on lululemon athletica from $200.00 to $215.00 and gave the stock a “market perform” rating in a research report on Monday, December 8th. Finally, UBS Group cut their price target on shares of lululemon athletica from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-one have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $227.95.

lululemon athletica Stock Performance

Shares of lululemon athletica stock opened at $204.97 on Friday. The stock has a market cap of $24.31 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 11.68 and a beta of 1.01. The stock has a 50 day moving average price of $174.48 and a 200-day moving average price of $202.76. lululemon athletica has a one year low of $159.25 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 40.17% and a net margin of 15.72%.The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company earned $2.53 earnings per share. lululemon athletica’s revenue was up 7.1% on a year-over-year basis. 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. Sell-side analysts predict that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On lululemon athletica

Several institutional investors have recently bought and sold shares of LULU. Norges Bank purchased a new stake in lululemon athletica during the second quarter worth $217,344,000. Vanguard Group Inc. raised its position in shares of lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after acquiring an additional 521,915 shares in the last quarter. Invesco Ltd. raised its position in shares of lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after acquiring an additional 490,127 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after purchasing an additional 464,186 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in lululemon athletica by 2,598.9% during the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after purchasing an additional 458,322 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other 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.