Raymond James Reaffirms Market Perform Rating for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “market perform” rating reissued by equities researchers at Raymond James in a research note issued to investors on Friday, Marketbeat.com reports.

Several other research analysts also recently commented on LULU. BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Citigroup reduced their price objective on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $391.28.

Lululemon Athletica Trading Up 1.1 %

Shares of LULU opened at $341.53 on Friday. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a market capitalization of $41.59 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The business’s 50 day moving average is $366.25 and its 200 day moving average is $338.67.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business posted $5.29 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after buying an additional 571,657 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock valued at $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Capital World Investors lifted its stake in Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after acquiring an additional 556,406 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.