SunTrust Banks Boosts lululemon athletica (LULU) Price Target to $80.00
lululemon athletica (NASDAQ:LULU) had its target price lifted by equities researchers at SunTrust Banks from $69.00 to $80.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. SunTrust Banks’ price objective suggests a potential upside of 18.24% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Cowen restated a “buy” rating and issued a $78.00 target price on shares of lululemon athletica in a research report on Thursday. B. Riley raised their target price on shares of lululemon athletica from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus raised their target price on shares of lululemon athletica from $66.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. J P Morgan Chase & Co restated an “overweight” rating and issued a $79.00 target price on shares of lululemon athletica in a research report on Thursday. Finally, Canaccord Genuity upgraded shares of lululemon athletica from a “sell” rating to a “hold” rating and set a $44.00 target price on the stock in a research report on Thursday. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $68.08.
Shares of lululemon athletica (NASDAQ LULU) opened at $67.66 on Thursday. The stock has a market cap of $8,983.88, a P/E ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.19. lululemon athletica has a 52-week low of $47.26 and a 52-week high of $72.70.
A number of institutional investors and hedge funds have recently bought and sold shares of LULU. Janus Henderson Group PLC increased its stake in lululemon athletica by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares in the last quarter. Eaton Vance Management bought a new stake in lululemon athletica in the second quarter valued at $126,967,000. Lazard Asset Management LLC bought a new stake in lululemon athletica in the second quarter valued at $94,181,000. HS Management Partners LLC increased its stake in lululemon athletica by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after purchasing an additional 741,200 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in lululemon athletica by 145.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock valued at $68,856,000 after purchasing an additional 684,667 shares in the last quarter. 79.45% of the stock is owned by hedge funds and other institutional investors.
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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.
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