Lululemon PT Lowered to $80.00 (LULU)
Investment analysts at Barclays Capital reduced their price target on shares of Lululemon (NASDAQ:LULU) from $85.00 to $80.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price points to a potential upside of 22.53% from the company’s current price.
A number of other firms have also recently commented on LULU. Analysts at DA Davidson reiterated a “neutral” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Friday. They now have a $73.00 price target on the stock, down previously from $76.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of Lululemon (NASDAQ:LULU) from $85.00 to $80.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Lululemon (NASDAQ:LULU) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday.
Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $74.57.
Shares of Lululemon (NASDAQ:LULU) traded up 2.39% during mid-day trading on Friday, hitting $66.851. The stock had a trading volume of 2,963,193 shares. Lululemon has a 52-week low of $59.60 and a 52-week high of $82.50. The stock has a 50-day moving average of $70.77 and a 200-day moving average of $70.24. The company has a market cap of $9.663 billion and a P/E ratio of 35.29. Lululemon also was the recipient of unusually large options trading on Tuesday. Stock investors acquired 21,088 call options on the stock. This is an increase of 179% compared to the typical volume of 7,545 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. On average, analysts predict that Lululemon will post $1.99 earnings per share 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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