Lululemon Price Target Increased to $85.00 by Analysts at Barclays Capital (LULU)
Equities research analysts at Barclays Capital boosted their price target on shares of Lululemon (NASDAQ:LULU) from $80.00 to $85.00 in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price suggests a potential upside of 16.23% from the stock’s previous close.
A number of other firms have also recently commented on LULU. Analysts at UBS AG reiterated a “neutral” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Tuesday, September 17th. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Friday, September 13th. They now have a $70.00 price target on the stock. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.87.
Shares of Lululemon (NASDAQ:LULU) traded up 0.85% during mid-day trading on Tuesday, hitting $73.75. 871,211 shares of the company’s stock traded hands. Lululemon has a 52 week low of $59.60 and a 52 week high of $82.50. The stock’s 50-day moving average is $71.08 and its 200-day moving average is $70.60. The company has a market cap of $10.697 billion and a P/E ratio of 39.53.
Lululemon (NASDAQ:LULU) last released its earnings data on Thursday, September 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 $1.96 EPS for the current fiscal year.
In other Lululemon news, VP Delaney Schweitzer sold 36,409 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $74.03, for a total transaction of $2,695,358.27. Following the completion of the sale, the vice president now directly owns 10,134 shares of the company’s stock, valued at approximately $750,220. The transaction was disclosed in a filing with the SEC, which is available at this link.
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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