lululemon athletica (NASDAQ:LULU) had its price target increased by Oppenheimer from $68.00 to $75.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the apparel retailer’s stock. Oppenheimer’s target price suggests a potential upside of 10.85% from the company’s current price.

Other analysts have also recently issued reports about the company. Vetr raised lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a research report on Thursday, August 10th. Robert W. Baird set a $70.00 price objective on lululemon athletica and gave the company a “buy” rating in a research report on Tuesday, August 29th. Cowen set a $67.00 price objective on lululemon athletica and gave the company a “buy” rating in a research report on Monday, August 21st. Bank of America raised lululemon athletica from an “underperform” rating to a “buy” rating and raised their price objective for the company from $48.00 to $70.00 in a research report on Monday, August 21st. Finally, Zacks Investment Research raised lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Thursday, August 17th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. lululemon athletica presently has a consensus rating of “Hold” and an average target price of $69.65.

Shares of lululemon athletica (NASDAQ LULU) traded up $1.30 during midday trading on Thursday, reaching $67.66. The company had a trading volume of 5,815,200 shares, compared to its average volume of 2,614,103. lululemon athletica has a 1 year low of $47.26 and a 1 year high of $72.70. The firm has a market capitalization of $8,983.88, a PE ratio of 30.44, a PEG ratio of 2.46 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. equities analysts forecast that lululemon athletica will post 2.43 earnings per share for the current year.

lululemon athletica declared that its board has approved a share buyback program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC increased its stake in lululemon athletica by 591.0% during the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after acquiring an additional 1,182 shares during the period. Zions Bancorporation increased its stake in lululemon athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after acquiring an additional 1,356 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in lululemon athletica during the 3rd quarter worth $156,000. Global X Management Co. LLC increased its stake in lululemon athletica 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 acquiring an additional 719 shares during the period. Finally, Oakbrook Investments LLC bought a new position in shares of lululemon athletica in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.

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lululemon athletica 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.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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