Buckingham Research upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a neutral rating to a buy rating in a research note released on Wednesday morning, MarketBeat Ratings reports.
Several other equities research analysts have also issued reports on LULU. Wells Fargo & Co raised shares of Lululemon Athletica from a market perform rating to an outperform rating and boosted their price target for the company from $144.00 to $200.00 in a report on Monday, September 17th. DA Davidson started coverage on shares of Lululemon Athletica in a report on Tuesday, September 25th. They issued a neutral rating and a $155.00 target price on the stock. CIBC upped their target price on shares of Lululemon Athletica from $180.00 to $190.00 and gave the stock an outperform rating in a report on Thursday, September 27th. Oppenheimer upped their target price on shares of Lululemon Athletica from $180.00 to $190.00 and gave the stock an outperform rating in a report on Thursday, September 27th. Finally, Royal Bank of Canada upped their target price on shares of Lululemon Athletica from $160.00 to $185.00 and gave the stock an outperform rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $159.53.
Lululemon Athletica stock traded up $0.55 on Wednesday, hitting $132.16. The company’s stock had a trading volume of 2,949,596 shares, compared to its average volume of 2,755,150. The firm has a market capitalization of $18.01 billion, a PE ratio of 51.03, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Lululemon Athletica has a one year low of $74.90 and a one year high of $164.79.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The firm had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. Lululemon Athletica had a net margin of 12.63% and a return on equity of 30.28%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, sell-side analysts forecast that Lululemon Athletica will post 3.7 EPS for the current year.
In related news, major shareholder Dennis J. Wilson sold 847,000 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $136.53, for a total transaction of $115,640,910.00. Following the transaction, the insider now owns 3,852 shares in the company, valued at approximately $525,913.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of LULU. Banco de Sabadell S.A acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $113,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $130,000. Parallel Advisors LLC lifted its position in Lululemon Athletica by 230.4% during the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after purchasing an additional 666 shares during the period. TRUE Private Wealth Advisors acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $161,000. Finally, Tower Research Capital LLC TRC lifted its position in Lululemon Athletica by 104.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock valued at $177,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 78.65% of the company’s stock.
Lululemon Athletica Company Profile
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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