Lululemon Athletica (NASDAQ:LULU) had its target price lifted by equities researchers at Cowen from $235.00 to $250.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Cowen’s price objective points to a potential upside of 12.10% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, September 6th. Bank of America raised their price target on Lululemon Athletica from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Deutsche Bank upped their price objective on shares of Lululemon Athletica from $205.00 to $216.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Piper Jaffray Companies set a $227.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, ValuEngine lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Thirteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus price target of $215.79.
Shares of NASDAQ:LULU opened at $223.01 on Tuesday. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 58.08, a P/E/G ratio of 2.62 and a beta of 0.66. The firm has a fifty day moving average price of $210.35 and a 200 day moving average price of $190.28. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $229.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The business had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica will post 4.74 earnings per share for the current year.
In related news, Director Dennis J. Wilson sold 99,133 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at approximately $777,295.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of Lululemon Athletica stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $754,760.88. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Lululemon Athletica by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after acquiring an additional 519,269 shares during the period. Jennison Associates LLC increased its position in shares of Lululemon Athletica by 39.6% during the second quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after acquiring an additional 2,504,324 shares during the last quarter. BlackRock Inc. raised its stake in shares of Lululemon Athletica by 16.8% during the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after purchasing an additional 990,207 shares during the period. Invesco Ltd. boosted its holdings in shares of Lululemon Athletica by 31.2% in the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock worth $315,490,000 after acquiring an additional 416,753 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $211,310,000. 79.81% of the stock is owned by institutional investors.
Lululemon Athletica Company Profile
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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