Lululemon Athletica Inc. (NASDAQ:LULU) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have received an average rating of “Hold” from the forty analysts that are currently covering the company. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $71.95.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. KeyCorp lifted their target price on shares of Lululemon Athletica from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Telsey Advisory Group lifted their target price on shares of Lululemon Athletica from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Jefferies Group reissued a “buy” rating on shares of Lululemon Athletica in a research report on Monday, August 1st. Finally, Credit Suisse Group AG reissued an “outperform” rating and set a $76.00 target price on shares of Lululemon Athletica in a research report on Monday, August 29th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Glenmede Trust Co. NA increased its position in Lululemon Athletica by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock valued at $100,000 after buying an additional 793 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Lululemon Athletica by 128.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock valued at $100,000 after buying an additional 765 shares during the last quarter. Victory Capital Management Inc. increased its position in Lululemon Athletica by 131.7% in the second quarter. Victory Capital Management Inc. now owns 1,536 shares of the apparel retailer’s stock valued at $113,000 after buying an additional 873 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Lululemon Athletica during the second quarter valued at $118,000. Finally, Advisor Group Inc. acquired a new position in Lululemon Athletica during the second quarter valued at $124,000. Institutional investors and hedge funds own 94.99% of the company’s stock.
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Lululemon Athletica (NASDAQ:LULU) traded down 0.44% during trading on Tuesday, hitting $65.52. The stock had a trading volume of 477,422 shares. The firm has a 50 day moving average price of $74.84 and a 200-day moving average price of $69.45. The firm has a market capitalization of $8.98 billion, a PE ratio of 33.62 and a beta of 0.65. Lululemon Athletica has a 1-year low of $43.14 and a 1-year high of $81.81.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 1st. The apparel retailer reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The firm had revenue of $514.52 million for the quarter. During the same period in the prior year, the business earned $0.34 EPS. Lululemon Athletica’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Lululemon Athletica will post $2.13 EPS for the current year.
About Lululemon Athletica
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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