Lululemon Athletica’s (LULU) Sell Rating Reiterated at Goldman Sachs Group Inc.
Lululemon Athletica Inc. (NASDAQ:LULU)‘s stock had its “sell” rating reissued by stock analysts at Goldman Sachs Group Inc. in a note issued to investors on Monday. They presently have a $46.00 price target on the apparel retailer’s stock. Goldman Sachs Group Inc.’s target price points to a potential downside of 16.18% from the stock’s previous close.
Several other brokerages have also recently issued reports on LULU. KeyCorp raised their target price on shares of Lululemon Athletica from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. SunTrust Banks Inc. reissued a “buy” rating and set a $83.00 target price on shares of Lululemon Athletica in a report on Tuesday, June 21st. Wedbush raised their target price on shares of Lululemon Athletica from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Lululemon Athletica in a report on Wednesday, July 6th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Lululemon Athletica in a report on Wednesday, August 31st. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.86.
Shares of Lululemon Athletica (NASDAQ:LULU) traded down 3.07% during mid-day trading on Monday, hitting $54.88. 2,125,367 shares of the stock traded hands. 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 cap of $7.52 billion, a P/E ratio of 28.16 and a beta of 0.61.
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Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (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 earned $514.52 million during the quarter. During the same period last year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts anticipate that Lululemon Athletica will post $2.12 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of LULU. Chelsea Counsel Company acquired a new stake in shares of Lululemon Athletica during the third quarter worth $218,000. Janus Capital Management boosted its stake in shares of Lululemon Athletica by 549.2% in the third quarter. Janus Capital Management now owns 775,764 shares of the apparel retailer’s stock worth $39,293,000 after buying an additional 656,264 shares in the last quarter. Manning & Napier Advisors boosted its stake in shares of Lululemon Athletica by 8.6% in the fourth quarter. Manning & Napier Advisors now owns 9,212,577 shares of the apparel retailer’s stock worth $483,383,000 after buying an additional 729,689 shares in the last quarter. P. R. Herzig & Company acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $690,000. Finally, Fourth Swedish National Pension Fund boosted its stake in shares of Lululemon Athletica by 1.1% in the fourth quarter. Fourth Swedish National Pension Fund now owns 31,958 shares of the apparel retailer’s stock worth $1,677,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.
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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