Lululemon Athletica (NASDAQ:LULU) Stock Rating Reaffirmed by Susquehanna Bancshares

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating reaffirmed by equities researchers at Susquehanna Bancshares in a note issued to investors on Monday, TipRanks reports. They presently have a $360.00 price objective on the apparel retailer’s stock. Susquehanna Bancshares’ price objective suggests a potential upside of 15.38% from the company’s current price.

LULU has been the subject of a number of other reports. Wells Fargo & Co lowered shares of Lululemon Athletica to a “hold” rating and set a $275.00 price target for the company. in a research report on Monday, June 8th. Raymond James reiterated a “buy” rating and issued a $335.00 price target on shares of Lululemon Athletica in a research report on Friday, June 19th. Zacks Investment Research lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating and set a $320.00 price target for the company. in a research report on Tuesday, June 23rd. Barclays dropped their price target on shares of Lululemon Athletica from $210.00 to $209.00 and set an “overweight” rating for the company in a research report on Friday, March 27th. Finally, BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Twelve equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $306.22.

Shares of NASDAQ LULU opened at $312.01 on Monday. The firm has a 50 day moving average of $288.51 and a 200 day moving average of $238.44. The company has a current ratio of 2.68, a quick ratio of 1.69 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 70.59, a price-to-earnings-growth ratio of 3.61 and a beta of 1.05. Lululemon Athletica has a 12-month low of $128.85 and a 12-month high of $324.76.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $651.96 million for the quarter, compared to the consensus estimate of $695.98 million. Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Sell-side analysts predict that Lululemon Athletica will post 4.37 EPS for the current year.

In other news, Director Dennis J. Wilson sold 135,836 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $220.86, for a total value of $30,000,738.96. Following the sale, the director now directly owns 3,852 shares in the company, valued at approximately $850,752.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis J. Wilson sold 258,592 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $193.35, for a total transaction of $49,998,763.20. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at $744,784.20. The disclosure for this sale can be found here. Insiders sold a total of 483,883 shares of company stock worth $99,999,851 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems raised its position in shares of Lululemon Athletica by 0.4% in the 4th quarter. Utah Retirement Systems now owns 22,555 shares of the apparel retailer’s stock valued at $5,225,000 after purchasing an additional 100 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Lululemon Athletica by 12.9% in the 4th quarter. ProShare Advisors LLC now owns 81,762 shares of the apparel retailer’s stock valued at $18,942,000 after purchasing an additional 9,353 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Lululemon Athletica by 27.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,252 shares of the apparel retailer’s stock valued at $237,000 after purchasing an additional 270 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Lululemon Athletica by 2.6% in the 1st quarter. Franklin Resources Inc. now owns 90,994 shares of the apparel retailer’s stock valued at $17,249,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $2,563,000. 83.08% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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