Stifel Nicolaus Lowers Lululemon Price Target to $70.00 (LULU)
Investment analysts at Stifel Nicolaus reduced their price objective on shares of Lululemon (NASDAQ:LULU) from $75.00 to $70.00 in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 42.10% from the company’s current price.
Lululemon (NASDAQ:LULU) traded down 0.89% on Tuesday, hitting $49.26. The stock had a trading volume of 6,316,321 shares. Lululemon has a 52-week low of $48.89 and a 52-week high of $82.50. The stock’s 50-day moving average is $61.99 and its 200-day moving average is $68.34. The company has a market cap of $7.153 billion and a price-to-earnings ratio of 26.16. Lululemon also saw some unusual options trading activity on Monday. Stock traders acquired 42,348 put options on the company. This represents an increase of approximately 324% compared to the typical daily volume of 9,984 put options.
Lululemon (NASDAQ:LULU) last released its earnings data on Thursday, December 12th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.04. The company had revenue of $379.90 million for the quarter, compared to the consensus estimate of $376.20 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Analysts expect that Lululemon will post $1.96 EPS for the current fiscal year.
A number of other firms have also recently commented on LULU. Analysts at Cowen and Company downgraded shares of Lululemon from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. Separately, analysts at DA Davidson upgraded shares of Lululemon from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. They now have a $73.00 price target on the stock, up previously from $67.00. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Lululemon in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $70.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $70.83.
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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