Lululemon Athletica (LULU) Sets New 1-Year High and Low Following Analyst Upgrade

Lululemon Athletica (NASDAQ:LULU)’s share price reached a new 52-week high and low during trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $81.00 to $97.00. Stifel Nicolaus currently has a hold rating on the stock. Lululemon Athletica traded as low as $106.31 and last traded at $106.03, with a volume of 67275 shares traded. The stock had previously closed at $102.86.

LULU has been the topic of several other research reports. Bank of America increased their price target on Lululemon Athletica from $90.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, March 28th. BidaskClub upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a report on Friday, April 27th. Barclays increased their price target on Lululemon Athletica from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 28th. Credit Suisse Group increased their price target on Lululemon Athletica from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, March 28th. Finally, Morgan Stanley increased their price target on Lululemon Athletica from $82.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, April 10th. Seventeen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.58.

A number of hedge funds have recently modified their holdings of the stock. First Republic Investment Management Inc. lifted its position in Lululemon Athletica by 17.7% in the first quarter. First Republic Investment Management Inc. now owns 3,665 shares of the apparel retailer’s stock worth $326,000 after purchasing an additional 550 shares during the period. Private Capital Group LLC lifted its holdings in shares of Lululemon Athletica by 103.3% during the first quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock valued at $109,000 after acquiring an additional 621 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Lululemon Athletica by 42.4% during the first quarter. The Manufacturers Life Insurance Company now owns 2,110 shares of the apparel retailer’s stock valued at $188,000 after acquiring an additional 628 shares during the period. Logan Capital Management Inc. lifted its holdings in shares of Lululemon Athletica by 3.9% during the fourth quarter. Logan Capital Management Inc. now owns 17,490 shares of the apparel retailer’s stock valued at $1,375,000 after acquiring an additional 659 shares during the period. Finally, Bramshill Investments LLC lifted its holdings in shares of Lululemon Athletica by 10.2% during the fourth quarter. Bramshill Investments LLC now owns 7,660 shares of the apparel retailer’s stock valued at $602,000 after acquiring an additional 712 shares during the period. 82.12% of the stock is owned by hedge funds and other institutional investors.

The firm has a market cap of $13.94 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.53 and a beta of 0.14.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $912.41 million. Lululemon Athletica had a return on equity of 24.59% and a net margin of 9.76%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. equities research analysts anticipate that Lululemon Athletica will post 3.09 EPS for the current fiscal year.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, 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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