lululemon athletica (NASDAQ:LULU) Price Target Raised to $210.00 at Citigroup

by · The Cerbat Gem

lululemon athletica (NASDAQ:LULU – Get Free Report) had its target price upped by analysts at Citigroup from $190.00 to $210.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price objective would suggest a potential upside of 12.29% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. TD Securities decreased their target price on shares of lululemon athletica from $298.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Barclays cut their target price on lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. BTIG Research reiterated a “buy” rating and set a $303.00 price target on shares of lululemon athletica in a research report on Friday. Bank of America boosted their price objective on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Truist Financial lowered lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective for the company. in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, lululemon athletica has an average rating of “Hold” and a consensus price target of $224.66.

View Our Latest Analysis on LULU

lululemon athletica Stock Performance

lululemon athletica stock opened at $187.01 on Friday. The firm has a market capitalization of $22.18 billion, a P/E ratio of 12.71, a P/E/G ratio of 11.72 and a beta of 1.01. The company has a 50-day simple moving average of $173.89 and a 200-day simple moving average of $203.50. lululemon athletica has a one year low of $159.25 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU – Get Free Report) last posted its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.38. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the business posted $2.53 EPS. 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. As a group, sell-side analysts forecast that lululemon athletica will post 14.36 earnings per share for the current year.

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the sale, the insider directly owned 8,993 shares of the company’s stock, valued at $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sandler Capital Management acquired a new position in lululemon athletica in the 1st quarter worth approximately $484,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in lululemon athletica during the 2nd quarter valued at $17,747,000. K.J. Harrison & Partners Inc lifted its holdings in shares of lululemon athletica by 100.1% in the second quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after purchasing an additional 3,002 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of lululemon athletica by 5.9% in the first quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer’s stock valued at $211,704,000 after purchasing an additional 41,936 shares in the last quarter. Finally, Martin Currie Ltd. acquired a new stake in shares of lululemon athletica in the first quarter worth $26,560,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Company Profile

(Get Free Report)

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.

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