lululemon athletica inc.’s (LULU) “Buy” Rating Reiterated at Cowen and Company
lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a note issued to investors on Friday. They presently have a $68.00 price objective on the apparel retailer’s stock. Cowen and Company’s price target suggests a potential upside of 11.92% from the company’s previous close.
LULU has been the topic of several other reports. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a “hold” rating in a report on Friday, August 25th. Instinet restated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Robert W. Baird set a $70.00 target price on shares of lululemon athletica inc. and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Buckingham Research restated a “neutral” rating and issued a $55.00 target price on shares of lululemon athletica inc. in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica inc. presently has an average rating of “Hold” and a consensus price target of $65.67.
Shares of lululemon athletica inc. (NASDAQ:LULU) traded down $0.75 during trading hours on Friday, hitting $60.76. 1,146,853 shares of the stock were exchanged, compared to its average volume of 2,102,367. The firm has a market capitalization of $8.23 billion, a PE ratio of 27.87 and a beta of 0.15.
lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. equities analysts expect that lululemon athletica inc. will post 2.43 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the company. Comerica Bank boosted its holdings in shares of lululemon athletica inc. by 1.0% in the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock valued at $699,000 after buying an additional 115 shares in the last quarter. Suntrust Banks Inc. boosted its stake in lululemon athletica inc. by 5.9% during the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after purchasing an additional 237 shares during the period. Bender Robert & Associates boosted its stake in lululemon athletica inc. by 0.4% during the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after purchasing an additional 302 shares during the period. HighTower Advisors LLC boosted its stake in lululemon athletica inc. by 8.3% during the 1st quarter. HighTower Advisors LLC now owns 8,526 shares of the apparel retailer’s stock worth $441,000 after purchasing an additional 657 shares during the period. Finally, Global X Management Co. LLC boosted its stake in lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares during the period. Institutional investors and hedge funds own 80.29% of the company’s stock.
lululemon athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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