Wells Fargo & Company Raises lululemon athletica (NASDAQ:LULU) Price Target to $175.00

by · The Markets Daily

lululemon athletica (NASDAQ:LULU – Get Free Report) had its target price lifted by research analysts at Wells Fargo & Company from $160.00 to $175.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 15.88% from the stock’s current price.

A number of other research analysts have also weighed in on LULU. BNP Paribas Exane lifted their target price on lululemon athletica from $146.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. UBS Group reduced their price target on shares of lululemon athletica from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. JPMorgan Chase & Co. raised their price target on lululemon athletica from $191.00 to $203.00 and gave the company a “neutral” rating in a report on Friday. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Stifel Nicolaus lifted their target price on shares of lululemon athletica from $205.00 to $210.00 and gave the company a “hold” rating in a research report on Friday. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $227.12.

Read Our Latest Stock Analysis on lululemon athletica

lululemon athletica Stock Performance

LULU traded up $21.02 during midday trading on Friday, reaching $208.03. The company had a trading volume of 14,768,410 shares, compared to its average volume of 3,441,443. lululemon athletica has a 12-month low of $159.25 and a 12-month high of $423.32. The business has a 50-day moving average price of $173.89 and a two-hundred day moving average price of $203.50. The stock has a market cap of $24.67 billion, a PE ratio of 14.09, a P/E/G ratio of 11.72 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU – Get Free Report) last announced its quarterly earnings data on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business 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 posted $2.53 EPS. The firm’s quarterly revenue 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. On average, research analysts anticipate 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 lululemon athletica stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider owned 8,993 shares in the company, 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 this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in lululemon athletica by 3.9% in the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after buying an additional 521,915 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after acquiring an additional 162,295 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the period. Geode Capital Management LLC boosted its position in shares of lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares in the last quarter. Finally, Invesco Ltd. grew its stake in lululemon athletica by 28.7% in the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after purchasing an additional 490,127 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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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