Stock analysts at Credit Suisse Group assumed coverage on shares of Lululemon Athletica (NASDAQ:LULU) in a research note issued on Monday, The Fly reports. The firm set an “outperform” rating on the apparel retailer’s stock.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Oppenheimer reiterated an “outperform” rating and issued a $88.00 target price on shares of Lululemon Athletica in a report on Tuesday, February 6th. Canaccord Genuity set a $75.00 target price on Lululemon Athletica and gave the stock a “hold” rating in a report on Tuesday, February 6th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $95.00 target price on shares of Lululemon Athletica in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.95.
Shares of Lululemon Athletica (LULU) traded down $0.67 during mid-day trading on Monday, hitting $80.33. The company’s stock had a trading volume of 1,528,236 shares, compared to its average volume of 1,690,480. Lululemon Athletica has a twelve month low of $47.26 and a twelve month high of $83.98. The stock has a market cap of $10,830.00, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.08 and a beta of 0.22.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in LULU. Victory Capital Management Inc. increased its holdings in shares of Lululemon Athletica by 5.3% in the third quarter. Victory Capital Management Inc. now owns 299,647 shares of the apparel retailer’s stock valued at $18,653,000 after purchasing an additional 15,056 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Lululemon Athletica by 304.3% in the third quarter. Canada Pension Plan Investment Board now owns 82,510 shares of the apparel retailer’s stock worth $5,136,000 after buying an additional 62,100 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Lululemon Athletica in the third quarter worth about $1,034,000. Prudential Financial Inc. boosted its stake in shares of Lululemon Athletica by 734.3% in the third quarter. Prudential Financial Inc. now owns 392,118 shares of the apparel retailer’s stock worth $24,410,000 after buying an additional 345,120 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Lululemon Athletica by 7.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,390 shares of the apparel retailer’s stock worth $958,000 after buying an additional 1,075 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Lululemon Athletica (LULU) Coverage Initiated by Analysts at Credit Suisse Group” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/12/lululemon-athletica-lulu-coverage-initiated-by-analysts-at-credit-suisse-group.html.
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.
Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.