Lululemon Athletica (NASDAQ:LULU) had its price target lifted by equities research analysts at Robert W. Baird from $220.00 to $250.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 12.32% from the stock’s current price.
LULU has been the topic of a number of other reports. Wells Fargo & Co boosted their target price on Lululemon Athletica from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Credit Suisse Group reiterated an “outperform” rating and issued a $235.00 price objective (up from $198.00) on shares of Lululemon Athletica in a research report on Friday, September 6th. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Lululemon Athletica in a research note on Friday, September 6th. B. Riley set a $176.00 price objective on shares of Lululemon Athletica and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Morgan Stanley raised their target price on shares of Lululemon Athletica from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. 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 stock. The stock presently has an average rating of “Buy” and an average target price of $215.79.
Shares of LULU opened at $222.58 on Tuesday. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $229.65. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $29.40 billion, a P/E ratio of 57.96, a PEG ratio of 2.62 and a beta of 0.66. The firm’s 50-day moving average is $210.35 and its two-hundred day moving average is $190.28.
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 Thomson Reuters’ consensus estimate of $0.89 by $0.07. The business had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts predict that Lululemon Athletica will post 4.74 EPS for the current year.
In other news, Director Dennis J. Wilson sold 46,725 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $754,760.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $777,295.08. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Algert Global LLC lifted its stake in shares of Lululemon Athletica by 129.2% during the second quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock worth $2,320,000 after purchasing an additional 7,257 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in shares of Lululemon Athletica by 70.3% in the third quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock valued at $225,000 after buying an additional 484 shares in the last quarter. Executive Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 7.6% during the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock valued at $1,693,000 after buying an additional 663 shares during the period. Swiss National Bank raised its holdings in shares of Lululemon Athletica by 10.8% during the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock valued at $66,093,000 after buying an additional 35,800 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of Lululemon Athletica by 47.1% during the 3rd quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock valued at $833,000 after buying an additional 1,387 shares during the period. 79.81% of the stock is owned by hedge funds and other institutional investors.
About Lululemon Athletica
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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