Lululemon Athletica Inc. (LULU) Stock Rating Reaffirmed by Goldman Sachs Group Inc.
Lululemon Athletica Inc. (NASDAQ:LULU)‘s stock had its “sell” rating reiterated by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday. They currently have a $46.00 target price on the apparel retailer’s stock. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 16.18% from the company’s previous close.
LULU has been the subject of several other research reports. Piper Jaffray Cos. upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Friday, September 9th. FBR & Co reiterated an “underperform” rating and issued a $40.00 price objective on shares of Lululemon Athletica in a research report on Friday, September 2nd. Vetr upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 30th. Credit Suisse Group AG reiterated a “buy” rating and issued a $83.00 price objective on shares of Lululemon Athletica in a research report on Tuesday, June 21st. Finally, Barclays PLC reiterated an “overweight” rating and issued a $85.00 price objective on shares of Lululemon Athletica in a research report on Sunday, September 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $71.86.
Lululemon Athletica (NASDAQ:LULU) traded down 3.07% during trading on Monday, hitting $54.88. The company had a trading volume of 2,125,367 shares. The firm has a 50-day moving average of $65.01 and a 200 day moving average of $69.14. Lululemon Athletica has a 12-month low of $43.14 and a 12-month high of $81.81. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 28.16 and a beta of 0.61.
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Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The firm earned $514.52 million during the quarter. During the same quarter in the previous year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica will post $2.12 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in shares of Lululemon Athletica by 2.5% in the first quarter. Legal & General Group Plc now owns 403,261 shares of the apparel retailer’s stock worth $27,305,000 after buying an additional 9,987 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lululemon Athletica by 9.2% in the first quarter. Geode Capital Management LLC now owns 765,820 shares of the apparel retailer’s stock worth $51,825,000 after buying an additional 64,523 shares in the last quarter. RS Investment Management Co. LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth $22,853,000. State Street Corp increased its stake in shares of Lululemon Athletica by 3.7% in the first quarter. State Street Corp now owns 2,036,631 shares of the apparel retailer’s stock worth $137,900,000 after buying an additional 72,362 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its stake in shares of 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 worth $100,000 after buying an additional 765 shares in the last quarter. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
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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