Lululemon Athletica (NASDAQ:LULU) had its target price boosted by MKM Partners to $255.00 in a research report sent to investors on Friday morning, The Fly reports. The brokerage currently has a buy rating on the apparel retailer’s stock.
LULU has been the topic of several other reports. Piper Jaffray Companies increased their price objective on shares of Lululemon Athletica from $227.00 to $244.00 and gave the company an overweight rating in a research report on Friday. Susquehanna Bancshares set a $222.00 target price on shares of Lululemon Athletica and gave the stock a buy rating in a research report on Thursday, September 5th. ValuEngine cut Lululemon Athletica from a buy rating to a hold rating in a report on Wednesday, October 2nd. Oppenheimer raised their price target on Lululemon Athletica from $225.00 to $260.00 and gave the stock an outperform rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research raised Lululemon Athletica from a hold rating to a buy rating and set a $213.00 price objective for the company in a report on Monday, September 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $220.76.
NASDAQ:LULU opened at $230.88 on Friday. The company’s 50-day simple moving average is $213.71 and its 200 day simple moving average is $192.17. The firm has a market capitalization of $29.88 billion, a P/E ratio of 60.13, a PEG ratio of 2.76 and a beta of 0.66. Lululemon Athletica has a one year low of $110.71 and a one year high of $233.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52.
Several large investors have recently modified their holdings of LULU. Virtus ETF Advisers LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth about $27,000. Venturi Wealth Management LLC acquired a new position in Lululemon Athletica in the third quarter valued at $29,000. Golden State Wealth Management LLC boosted its holdings in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Motco purchased a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $38,000. Finally, West Oak Capital LLC lifted its holdings in shares of Lululemon Athletica by 60.0% in the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 79.84% 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.
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