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 report released on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $550.00 price objective on the apparel retailer’s stock.

Several other brokerages have also weighed in on LULU. BTIG Research assumed coverage on Lululemon Athletica in a report on Wednesday, May 8th. They set a buy rating and a $425.00 price objective on the stock. Guggenheim decreased their price objective on Lululemon Athletica from $550.00 to $525.00 and set a buy rating on the stock in a report on Friday, March 22nd. Needham & Company LLC decreased their price objective on Lululemon Athletica from $525.00 to $500.00 and set a buy rating on the stock in a report on Friday, March 22nd. BNP Paribas lowered Lululemon Athletica from a neutral rating to an underperform rating and decreased their price objective for the stock from $430.00 to $415.00 in a report on Friday, February 9th. Finally, Wells Fargo & Company decreased their price objective on Lululemon Athletica from $450.00 to $425.00 and set an equal weight rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $465.13.

Lululemon Athletica Stock Up 1.1 %

Shares of NASDAQ LULU opened at $303.01 on Wednesday. The business’s 50 day moving average is $363.48 and its two-hundred day moving average is $430.77. The company has a market cap of $38.18 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.35 and a beta of 1.30. Lululemon Athletica has a 12 month low of $295.28 and a 12 month high of $516.39.

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

Insiders Place Their Bets

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Daymark Wealth Partners LLC raised its position in shares of Lululemon Athletica by 3.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after acquiring an additional 21 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of Lululemon Athletica by 1.9% during the fourth quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock worth $612,000 after acquiring an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in shares of Lululemon Athletica by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock worth $646,000 after acquiring an additional 23 shares during the last quarter. Baker Avenue Asset Management LP raised its position in shares of Lululemon Athletica by 11.1% during the third quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock worth $97,000 after acquiring an additional 25 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Lululemon Athletica by 1.0% during the first quarter. Moody National Bank Trust Division now owns 2,846 shares of the apparel retailer’s stock worth $1,112,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

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.