Lululemon Athletica (NASDAQ:LULU) had its price target lifted by equities research analysts at Oppenheimer from $225.00 to $260.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Oppenheimer’s price objective indicates a potential upside of 16.59% from the stock’s current price.
A number of other equities research analysts have also weighed in on LULU. DA Davidson reiterated a “neutral” rating and set a $185.00 target price on shares of Lululemon Athletica in a research note on Friday, September 6th. Susquehanna Bancshares set a $222.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a research report on Thursday, September 5th. Deutsche Bank increased their target price on Lululemon Athletica from $205.00 to $216.00 and gave the company a “buy” rating in a report on Friday, September 6th. Jefferies Financial Group raised their target price on Lululemon Athletica from $175.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica presently has an average rating of “Buy” and an average price target of $215.79.
Shares of NASDAQ:LULU opened at $223.01 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 58.08, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The business has a 50-day simple moving average of $210.35 and a two-hundred day simple moving average of $190.28. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $229.65.
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 analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. During the same period in the previous year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. 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 46,725 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $754,760.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction that occurred 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 directly owns 3,852 shares in the company, valued at $777,295.08. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC grew its holdings 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 valued at $2,320,000 after buying an additional 7,257 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Lululemon Athletica by 70.3% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock valued at $225,000 after purchasing an additional 484 shares during the last quarter. Executive Wealth Management LLC lifted its holdings in Lululemon Athletica by 7.6% in the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock worth $1,693,000 after buying an additional 663 shares during the period. Swiss National Bank lifted its holdings in Lululemon Athletica by 10.8% in the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after buying an additional 35,800 shares during the period. Finally, Sigma Planning Corp grew its position in shares of Lululemon Athletica by 47.1% in the 3rd quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock worth $833,000 after buying an additional 1,387 shares during the last quarter. Hedge funds and other institutional investors own 79.81% of the company’s stock.
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.
Further Reading: Balance Sheet
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.