lululemon athletica (NASDAQ:LULU) Price Target Raised to $215.00 at Evercore ISI

by · The Markets Daily

lululemon athletica (NASDAQ:LULU – Get Free Report) had its price target lifted by investment analysts at Evercore ISI from $180.00 to $215.00 in a report issued on Friday,MarketScreener reports. Evercore ISI’s price objective suggests a potential upside of 14.97% from the stock’s previous close.

Other analysts have also issued reports about the stock. BNP Paribas Exane raised shares of lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 target price for the company in a research note on Monday, October 20th. Needham & Company LLC reiterated a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. Sanford C. Bernstein cut lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 target price on the stock. in a report on Thursday, October 16th. TD Securities cut their target price on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-one have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and an average target price of $224.66.

Read Our Latest Research Report on LULU

lululemon athletica Price Performance

LULU opened at $187.01 on Friday. lululemon athletica has a 1-year low of $159.25 and a 1-year high of $423.32. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 11.72 and a beta of 1.01. The business has a 50 day moving average price of $173.89 and a two-hundred day moving average price of $203.50.

lululemon athletica (NASDAQ:LULU – Get Free Report) last issued its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the business earned $2.53 earnings per share. lululemon athletica’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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. Equities analysts expect that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 615 shares of the company’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 transaction, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

A number of large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of lululemon athletica during the second quarter worth approximately $217,344,000. Vanguard Group Inc. increased its stake in lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after buying an additional 521,915 shares during the period. Invesco Ltd. lifted its position in 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 buying an additional 490,127 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in lululemon athletica by 151.6% in 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 buying an additional 464,186 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of lululemon athletica by 2,598.9% during the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after acquiring an additional 458,322 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

About lululemon athletica

(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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