Lululemon PT Raised to $88.00 at KeyCorp (LULU)
Equities research analysts at KeyCorp hoisted their target price on shares of Lululemon (NASDAQ:LULU) from $82.00 to $88.00 in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. KeyCorp’s target price would suggest a potential upside of 15.97% from the stock’s previous close.
Shares of Lululemon (NASDAQ:LULU) traded down 0.75% on Monday, hitting $75.88. The stock had a trading volume of 1,837,066 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 $71.31 and a 200-day moving average of $70.79. The company has a market cap of $11.006 billion and a price-to-earnings ratio of 41.32.
Lululemon (NASDAQ:LULU) last posted its quarterly earnings results 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.
A number of other analysts have also recently weighed in on LULU. Analysts at Barclays Capital raised their price target on shares of Lululemon from $80.00 to $85.00 in a research note to investors on Tuesday, October 1st. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Lululemon in a research note to investors on Tuesday, September 17th. Finally, analysts at UBS AG cut their price target on shares of Lululemon to $69.00 in a research note to investors on Monday, September 16th. 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 assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.39.
In other Lululemon news, CFO John Currie sold 20,000 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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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