Lululemon Athletica (NASDAQ:LULU) had its price objective upped by Wedbush from $190.00 to $225.00 in a research report released on Tuesday morning, The Fly reports. Wedbush currently has a neutral rating on the apparel retailer’s stock. Wedbush also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.13 EPS, FY2020 earnings at $4.80 EPS, Q1 2021 earnings at $0.86 EPS, Q2 2021 earnings at $1.07 EPS, Q2 2021 earnings at $1.10 EPS, Q3 2021 earnings at $1.12 EPS, Q3 2021 earnings at $1.10 EPS, Q4 2021 earnings at $2.50 EPS, Q4 2021 earnings at $2.53 EPS, FY2021 earnings at $5.61 EPS, FY2022 earnings at $6.57 EPS and FY2022 earnings at $6.50 EPS.
A number of other analysts have also commented on the stock. Needham & Company LLC reaffirmed a hold rating on shares of Lululemon Athletica in a research note on Friday, September 6th. Guggenheim restated a buy rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, September 5th. Deutsche Bank boosted their price target on shares of Lululemon Athletica from $216.00 to $247.00 and gave the company a buy rating in a report on Friday, December 6th. Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $205.00 to $220.00 and gave the company an outperform rating in a research report on Friday, September 6th. Finally, Robert W. Baird raised their price objective on shares of Lululemon Athletica from $220.00 to $250.00 and gave the stock an outperform rating in a research note on Tuesday, December 3rd. Fourteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $229.60.
Shares of Lululemon Athletica stock traded down $2.97 on Tuesday, reaching $221.50. 2,022,498 shares of the company were exchanged, compared to its average volume of 1,754,444. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $235.50. The firm has a market capitalization of $30.38 billion, a price-to-earnings ratio of 57.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $215.14 and a 200-day moving average price of $193.00.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. The business had revenue of $916.00 million during the quarter, compared to analyst estimates of $897.58 million. Lululemon Athletica had a return on equity of 41.15% and a net margin of 15.10%. Lululemon Athletica’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. On average, equities analysts anticipate that Lululemon Athletica will post 4.81 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Next Capital Management LLC increased its holdings in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 59 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Lululemon Athletica by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 68 shares during the period. Golden State Wealth Management LLC grew its position in Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after buying an additional 70 shares in the last quarter. West Oak Capital LLC grew its position in Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after buying an additional 75 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Lululemon Athletica by 3.1% during the third quarter. Signaturefd LLC now owns 3,054 shares of the apparel retailer’s stock valued at $588,000 after acquiring an additional 91 shares during the period. 79.84% of the stock is owned by institutional investors and hedge funds.
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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