lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “equal weight” rating reiterated by equities research analysts at Morgan Stanley in a note issued to investors on Friday, September 1st. They currently have a $61.00 price objective on the apparel retailer’s stock, up from their previous price objective of $58.00. Morgan Stanley’s target price points to a potential upside of 0.66% from the stock’s current price.
Several other equities research analysts also recently issued reports on the stock. UBS AG reaffirmed a “neutral” rating and set a $54.00 price target (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Barclays PLC set a $85.00 price target on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price target on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets set a $55.00 price objective on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. lululemon athletica inc. has a consensus rating of “Hold” and an average target price of $65.68.
Shares of lululemon athletica inc. (NASDAQ LULU) traded down 0.85% during midday trading on Friday, reaching $60.60. The company’s stock had a trading volume of 2,418,026 shares. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 29.25 and a beta of 0.22. The stock’s 50 day moving average price is $60.59 and its 200 day moving average price is $57.17.
lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts predict that lululemon athletica inc. will post $2.41 earnings per share for the current year.
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In other news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the transaction, the director now directly owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC raised its holdings in lululemon athletica inc. by 591.0% during the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after buying an additional 1,182 shares during the period. Exane Derivatives acquired a new stake in lululemon athletica inc. during the 2nd quarter worth approximately $106,000. Global X Management Co. LLC raised its holdings in lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after buying an additional 719 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in lululemon athletica inc. by 4.3% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in lululemon athletica inc. by 40.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 79.58% of the company’s stock.
lululemon athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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