Cowen Increases Lululemon Athletica (NASDAQ:LULU) Price Target to $235.00

Lululemon Athletica (NASDAQ:LULU) had its target price boosted by Cowen from $214.00 to $235.00 in a research note published on Tuesday morning, The Fly reports. They currently have an outperform rating on the apparel retailer’s stock.

Several other equities analysts have also recently weighed in on LULU. Bank of America lifted their price objective on shares of Lululemon Athletica from $200.00 to $230.00 and gave the stock a buy rating in a research report on Friday, September 6th. Stifel Nicolaus set a $238.00 price objective on shares of Lululemon Athletica and gave the stock a buy rating in a research report on Friday, September 6th. Susquehanna Bancshares set a $222.00 price objective on shares of Lululemon Athletica and gave the stock a buy rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded shares of Lululemon Athletica from a hold rating to a buy rating and set a $213.00 price objective on the stock in a research report on Monday, September 9th. Finally, MKM Partners lifted their price objective on shares of Lululemon Athletica from $215.00 to $217.00 and gave the stock a buy rating in a research report on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $205.39.

NASDAQ LULU opened at $189.30 on Tuesday. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $204.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 2.27 and a beta of 0.65. The firm’s 50 day moving average price is $185.17 and its two-hundred day moving average price is $175.05.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, research analysts forecast that Lululemon Athletica will post 4.74 EPS for the current fiscal year.

In related news, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at $754,760.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Insiders sold 420,548 shares of company stock valued at $79,395,186 over the last quarter. 0.34% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of LULU. Jennison Associates LLC boosted its holdings in Lululemon Athletica by 144.2% in the first quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after purchasing an additional 3,732,291 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Lululemon Athletica in the second quarter worth $211,310,000. BlackRock Inc. boosted its holdings in Lululemon Athletica by 16.8% in the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after purchasing an additional 990,207 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lululemon Athletica by 5.4% in the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock worth $1,813,552,000 after purchasing an additional 519,269 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Lululemon Athletica by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock worth $129,719,000 after purchasing an additional 424,937 shares in the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

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.

Read More: How does a margin account work?

The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.