Susquehanna Bancshares reiterated their buy rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research note published on Friday, Stock Target Advisor reports. They currently have a $310.00 price target on the apparel retailer’s stock.
A number of other brokerages have also weighed in on LULU. Raymond James upped their target price on Lululemon Athletica from $275.00 to $300.00 and gave the stock a strong-buy rating in a research note on Wednesday, January 15th. MKM Partners upped their target price on Lululemon Athletica from $255.00 to $258.00 and gave the stock a buy rating in a research note on Thursday, December 12th. UBS Group upped their target price on Lululemon Athletica from $210.00 to $230.00 and gave the stock a neutral rating in a research note on Tuesday, December 3rd. Oppenheimer upped their target price on Lululemon Athletica from $225.00 to $260.00 and gave the stock an outperform rating in a research note on Tuesday, December 3rd. Finally, Wedbush upped their target price on Lululemon Athletica from $235.00 to $245.00 and gave the stock a neutral rating in a research note on Monday, January 13th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $243.93.
NASDAQ:LULU opened at $246.21 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 2.53. Lululemon Athletica has a 52-week low of $141.01 and a 52-week high of $266.20. The firm has a market cap of $33.34 billion, a price-to-earnings ratio of 57.13, a PEG ratio of 2.36 and a beta of 0.79. The business’s fifty day moving average is $244.89 and its 200 day moving average is $214.55.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $897.58 million. Lululemon Athletica had a return on equity of 39.71% and a net margin of 15.10%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. Equities analysts predict that Lululemon Athletica will post 4.97 EPS for the current fiscal year.
In related news, COO Stuart Haselden sold 27,451 shares of the stock in a transaction dated Friday, January 3rd. The stock was 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 directly owns 15,247 shares in the company, valued at approximately $3,549,196.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David M. Mussafer sold 4,673 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $217.00, for a total value of $1,014,041.00. Following the sale, the director now owns 18,947 shares of the company’s stock, valued at $4,111,499. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of LULU. Savior LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at about $26,000. Venturi Wealth Management LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC lifted its holdings in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after buying an additional 70 shares during the period. Howard Wealth Management LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP lifted its holdings in Lululemon Athletica by 167.7% in the 4th quarter. Allworth Financial LP now owns 166 shares of the apparel retailer’s stock worth $38,000 after buying an additional 104 shares during the period. Institutional investors own 79.76% of the company’s stock.
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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