lululemon athletica (NASDAQ:LULU) received a $75.00 price target from stock analysts at BMO Capital Markets in a report issued on Tuesday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. BMO Capital Markets’ target price would suggest a potential downside of 2.05% from the company’s current price.
A number of other analysts have also issued reports on LULU. Canaccord Genuity set a $41.00 price target on shares of lululemon athletica and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Vetr upgraded shares of lululemon athletica from a “buy” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Wednesday, August 30th. Cowen restated a “buy” rating and issued a $68.00 price target on shares of lululemon athletica in a research note on Friday, November 3rd. Nomura restated a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of lululemon athletica in a research note on Friday, September 1st. Finally, Citigroup upgraded shares of lululemon athletica from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $61.50 to $60.09 in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. lululemon athletica presently has an average rating of “Hold” and an average price target of $70.44.
lululemon athletica (LULU) traded up $0.02 during midday trading on Tuesday, hitting $76.57. 1,410,800 shares of the stock were exchanged, compared to its average volume of 2,617,792. lululemon athletica has a twelve month low of $47.26 and a twelve month high of $77.22. The firm has a market capitalization of $10,363.26, a PE ratio of 33.72, a P/E/G ratio of 2.50 and a beta of 0.19.
lululemon athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. lululemon athletica had a net margin of 10.96% and a return on equity of 22.52%. The business had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. sell-side analysts expect that lululemon athletica will post 2.48 earnings per share for the current year.
lululemon athletica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. boosted its holdings in shares of lululemon athletica by 128.6% during the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock valued at $100,000 after acquiring an additional 765 shares during the period. Glenmede Trust Co. NA lifted its holdings in lululemon athletica by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 793 shares during the period. IHT Wealth Management LLC lifted its holdings in lululemon athletica by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after purchasing an additional 1,182 shares during the period. Victory Capital Management Inc. lifted its holdings in lululemon athletica by 131.7% in the second quarter. Victory Capital Management Inc. now owns 1,536 shares of the apparel retailer’s stock worth $113,000 after purchasing an additional 873 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in lululemon athletica by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock worth $105,000 after purchasing an additional 46 shares during the period. 79.30% of the stock is owned by institutional investors.
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About lululemon athletica
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.