Lululemon Receives Neutral Rating from Goldman Sachs Group Inc. (LULU)
Lululemon (NASDAQ:LULU)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports.
LULU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Wednesday. They set a “hold” rating and a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Monday. They set a “buy” rating and a $69.49 price target on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Lululemon (NASDAQ:LULU) from $87.00 to $79.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $75.32.
Lululemon (NASDAQ:LULU) traded down 5.40% on Thursday, hitting $65.29. 22,784,906 shares of the company’s stock traded hands. Lululemon has a 1-year low of $59.60 and a 1-year high of $82.50. The stock’s 50-day moving average is $70.84 and its 200-day moving average is $70.27. The company has a market cap of $9.438 billion and a price-to-earnings ratio of 37.31. Lululemon also was the recipient of some unusual options trading activity on Monday. Investors bought 16,016 call options on the company. This represents an increase of approximately 139% compared to the average volume of 6,691 call options.
Lululemon (NASDAQ:LULU) last released its earnings data on Thursday, September 12th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.04. The company had revenue of $344.50 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter last year, the company posted $0.39 earnings per share. Lululemon’s revenue was up 21.9% compared to the same quarter last year. Analysts expect that Lululemon will post $1.99 EPS for the current fiscal year.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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