Lululemon Athletica (NASDAQ:LULU) had its target price raised by investment analysts at Telsey Advisory Group from $205.00 to $220.00 in a note issued to investors on Friday, September 6th, Briefing.com Automated Import reports. The firm currently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 10.70% from the company’s current price.
A number of other research firms have also commented on LULU. Cowen lifted their price objective on Lululemon Athletica from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $238.00 target price (up from $209.00) on shares of Lululemon Athletica in a report on Friday, July 12th. Royal Bank of Canada reiterated an “equal weight” rating on shares of Lululemon Athletica in a report on Friday, June 14th. Jefferies Financial Group downgraded Lululemon Athletica to a “hold” rating and boosted their price objective for the company from $156.00 to $175.00 in a report on Thursday, June 13th. Finally, DA Davidson decreased their price target on Lululemon Athletica to $175.00 and set an “average” rating for the company in a report on Tuesday, July 9th. 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. 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 has a 52 week low of $110.71 and a 52 week high of $204.44.
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. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The firm had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica will post 4.74 earnings per share for the current year.
In related news, Director Dennis J. Wilson sold 164,061 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at approximately $704,492.28. 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 4,484 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. 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.
Hedge funds have recently bought and sold shares of the stock. CENTRAL TRUST Co increased its holdings in shares of Lululemon Athletica by 85.0% in the 2nd quarter. CENTRAL TRUST Co now owns 1,121 shares of the apparel retailer’s stock worth $205,000 after purchasing an additional 515 shares in the last quarter. Executive Wealth Management LLC increased its holdings 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 worth $1,693,000 after purchasing an additional 663 shares in the last quarter. Swiss National Bank increased its holdings in shares of Lululemon Athletica by 10.8% in the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after purchasing an additional 35,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Lululemon Athletica by 16.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,799 shares of the apparel retailer’s stock worth $1,442,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Lululemon Athletica by 10.7% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 5,098 shares of the apparel retailer’s stock worth $919,000 after purchasing an additional 494 shares in the last quarter. 81.22% of the stock is owned by institutional investors.
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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