Lululemon Athletica (NASDAQ:LULU) had its price target raised by investment analysts at Cowen from to in a research report issued to clients and investors on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the stock. Raymond James initiated coverage on shares of Lululemon Athletica in a research report on Tuesday, November 5th. They issued a “strong-buy” rating and a $275.00 price target for the company. MKM Partners increased their price target on shares of Lululemon Athletica from $255.00 to $258.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wedbush increased their price target on shares of Lululemon Athletica from $235.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Jaffray Companies increased their price target on shares of Lululemon Athletica from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Bank of America reissued a “buy” rating and issued a $268.00 price target (up previously from $230.00) on shares of Lululemon Athletica in a research report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $231.77.
Shares of NASDAQ LULU traded down $1.41 during mid-day trading on Tuesday, hitting $243.77. The company had a trading volume of 1,643,563 shares, compared to its average volume of 1,728,694. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.53 and a quick ratio of 1.43. The business’s 50-day simple moving average is $229.93 and its 200-day simple moving average is $202.34. Lululemon Athletica has a 12 month low of $138.51 and a 12 month high of $247.51. The firm has a market cap of $30.60 billion, a P/E ratio of 63.48, a PEG ratio of 2.74 and a beta of 0.68.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.03. Lululemon Athletica had a net margin of 15.10% and a return on equity of 39.71%. The firm had revenue of $916.00 million during the quarter, compared to analyst estimates of $897.58 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica will post 4.87 EPS for the current year.
In other news, COO Stuart Haselden sold 27,451 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $232.78, for a total transaction of $6,390,043.78. Following the completion of the sale, the chief operating officer now owns 15,247 shares of the company’s stock, valued at $3,549,196.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David M. Mussafer sold 4,673 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $217.00, for a total transaction of $1,014,041.00. Following the sale, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $4,111,499. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after purchasing an additional 519,269 shares during the last quarter. BlackRock Inc. boosted its stake in Lululemon Athletica by 16.8% in the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after acquiring an additional 990,207 shares during the last quarter. Invesco Ltd. boosted its stake in Lululemon Athletica by 31.2% in the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock valued at $315,490,000 after acquiring an additional 416,753 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Lululemon Athletica in the second quarter valued at approximately $211,310,000. Finally, Point72 Asset Management L.P. boosted its stake in Lululemon Athletica by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after acquiring an additional 424,937 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.
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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