Lululemon Athletica (NASDAQ:LULU) had its price objective raised by Argus from $360.00 to $380.00 in a research report report published on Monday morning, The Fly reports. The brokerage currently has a buy rating on the apparel retailer’s stock.
Several other equities research analysts have also commented on LULU. Jefferies Financial Group raised their price target on shares of Lululemon Athletica from $194.00 to $290.00 and gave the company a hold rating in a research note on Friday, June 12th. Piper Sandler raised their price target on shares of Lululemon Athletica from $365.00 to $396.00 and gave the stock an overweight rating in a research report on Wednesday, September 2nd. Needham & Company LLC lifted their price target on shares of Lululemon Athletica from $345.00 to $430.00 and gave the company a buy rating in a report on Friday, September 4th. BNP Paribas cut shares of Lululemon Athletica from an outperform rating to a neutral rating and set a $352.00 price target for the company. in a research report on Thursday, August 27th. Finally, MKM Partners upped their price target on shares of Lululemon Athletica from $230.00 to $378.00 and gave the company a buy rating in a report on Monday, June 8th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica has an average rating of Buy and an average target price of $355.58.
LULU opened at $309.99 on Monday. The firm has a market cap of $40.36 billion, a P/E ratio of 75.24, a P/E/G ratio of 3.97 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.95 and a debt-to-equity ratio of 0.32. Lululemon Athletica has a 52 week low of $128.85 and a 52 week high of $399.90. The business has a fifty day simple moving average of $349.20 and a 200-day simple moving average of $276.39.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.18. The business had revenue of $902.90 million for the quarter, compared to analyst estimates of $847.38 million. Lululemon Athletica had a return on equity of 29.52% and a net margin of 13.94%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. Sell-side analysts expect that Lululemon Athletica will post 4.31 earnings per share for the current year.
In other news, EVP Celeste Burgoyne sold 4,723 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $304.52, for a total value of $1,438,247.96. Following the sale, the executive vice president now directly owns 6,780 shares in the company, valued at approximately $2,064,645.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michelle Sun Choe sold 4,744 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the completion of the transaction, the insider now owns 10,370 shares of the company’s stock, valued at approximately $3,236,995.50. The disclosure for this sale can be found here. Insiders sold 9,835 shares of company stock worth $3,034,021 over the last 90 days. 0.32% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Lululemon Athletica by 6.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after purchasing an additional 4,589 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Lululemon Athletica by 10.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 16,530 shares of the apparel retailer’s stock valued at $3,133,000 after buying an additional 1,584 shares during the last quarter. First Manhattan Co. raised its stake in shares of Lululemon Athletica by 5,083.3% in the first quarter. First Manhattan Co. now owns 1,555 shares of the apparel retailer’s stock worth $294,000 after buying an additional 1,525 shares during the period. AE Wealth Management LLC raised its stake in shares of Lululemon Athletica by 95.1% in the first quarter. AE Wealth Management LLC now owns 2,575 shares of the apparel retailer’s stock worth $488,000 after buying an additional 1,255 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in Lululemon Athletica by 27.5% during 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 period. Institutional investors and hedge funds own 83.33% 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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