Lululemon Athletica (NASDAQ:LULU) had its price objective increased by Piper Jaffray Companies from $227.00 to $244.00 in a report issued on Friday, 24/7 WallStreet reports. They currently have an overweight rating on the apparel retailer’s stock.
A number of other brokerages also recently weighed in on LULU. BidaskClub raised Lululemon Athletica from a hold rating to a buy rating in a research note on Tuesday, November 19th. Wedbush upped their target price on Lululemon Athletica from $175.00 to $190.00 and gave the stock a neutral rating in a research report on Friday, September 6th. They noted that the move was a valuation call. Robert W. Baird upped their target price on Lululemon Athletica from $220.00 to $250.00 and gave the stock an outperform rating in a research report on Tuesday, December 3rd. Morgan Stanley increased their price objective on Lululemon Athletica from $163.00 to $169.00 and gave the company an equal weight rating in a research report on Friday, September 6th. Finally, Oppenheimer boosted their target price on shares of Lululemon Athletica from $225.00 to $260.00 and gave the stock an outperform rating in a research report on Tuesday, December 3rd. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $219.45.
Lululemon Athletica stock opened at $229.38 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The company has a market capitalization of $29.88 billion, a price-to-earnings ratio of 59.73, a PEG ratio of 2.76 and a beta of 0.66. Lululemon Athletica has a one year low of $110.71 and a one year high of $233.12. The company’s fifty day moving average price is $212.31 and its two-hundred day moving average price is $191.34.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The company had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts anticipate that Lululemon Athletica will post 4.74 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC boosted its holdings in Lululemon Athletica by 129.2% in the second quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock valued at $2,320,000 after acquiring an additional 7,257 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of Lululemon Athletica by 70.3% in 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 boosted its stake in shares of Lululemon Athletica by 7.6% in the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock valued at $1,693,000 after purchasing an additional 663 shares during the last quarter. Swiss National Bank grew its position 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 worth $66,093,000 after buying an additional 35,800 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in shares of Lululemon Athletica by 1.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 168,909 shares of the apparel retailer’s stock worth $32,520,000 after buying an additional 2,800 shares during the period. Hedge funds and other institutional investors own 79.84% 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.
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