Lululemon Athletica (NASDAQ:LULU) had its price objective raised by Wedbush from $175.00 to $190.00 in a research report issued to clients and investors on Friday, September 6th, Marketbeat reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Wedbush’s price objective suggests a potential downside of 4.39% from the company’s current price. The analysts noted that the move was a valuation call.
LULU has been the subject of a number of other reports. Argus lifted their target price on Lululemon Athletica to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Credit Suisse Group reiterated an “outperform” rating and issued a $235.00 target price (up from $198.00) on shares of Lululemon Athletica in a report on Friday, September 6th. Cowen boosted their price objective on Lululemon Athletica from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a report on Thursday, June 13th. Finally, UBS Group boosted their price objective on Lululemon Athletica from $182.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $204.64.
Shares of NASDAQ LULU opened at $198.73 on Friday. The stock’s fifty day moving average is $184.73 and its 200 day moving average is $173.28. Lululemon Athletica has a 52 week low of $110.71 and a 52 week high of $204.44. The stock has a market capitalization of $25.18 billion, a P/E ratio of 51.75, a PEG ratio of 2.25 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts forecast that Lululemon Athletica will post 4.74 earnings per share for the current year.
In related news, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the transaction, the director now owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dennis J. Wilson sold 164,061 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $704,492.28. The disclosure for this sale can be found here. Insiders have sold a total of 425,032 shares of company stock worth $80,229,658 over the last quarter. Corporate insiders own 0.34% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Lululemon Athletica by 0.5% in the first quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock worth $3,030,287,000 after acquiring an additional 97,885 shares during the period. Vanguard Group Inc. increased its holdings in shares of Lululemon Athletica by 5.4% in the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock worth $1,813,552,000 after purchasing an additional 519,269 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Lululemon Athletica by 39.6% in the second quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock worth $1,590,443,000 after purchasing an additional 2,504,324 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Lululemon Athletica by 16.8% in the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after purchasing an additional 990,207 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Lululemon Athletica by 31.2% in the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock worth $315,490,000 after purchasing an additional 416,753 shares during the last quarter. 81.22% of the stock is owned by institutional investors.
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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