lululemon athletica inc. (NASDAQ:LULU) Earns Buy Rating from Instinet

Instinet reissued their buy rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a report released on Friday, September 1st. The brokerage currently has a $67.00 price target on the apparel retailer’s stock, up from their previous price target of $65.00.

A number of other equities analysts have also recently commented on the company. Cowen and Company reaffirmed an outperform rating and issued a $68.00 price target (up from $67.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Wells Fargo & Company reaffirmed a market perform rating and issued a $60.00 price target (up from $54.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a hold rating and issued a $60.00 price target (up from $56.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Royal Bank Of Canada lifted their price target on lululemon athletica inc. from $64.00 to $66.00 and gave the stock an outperform rating in a research note on Friday, September 1st. Finally, FBR & Co reaffirmed a hold rating and issued a $55.00 price target on shares of lululemon athletica inc. in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $65.68.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at 60.60 on Friday. The firm has a market cap of $8.20 billion, a P/E ratio of 29.25 and a beta of 0.22. The firm’s 50-day moving average is $60.59 and its 200-day moving average is $57.17. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. lululemon athletica inc.’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. Analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current year.

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In related news, Director Glenn Murphy acquired 100,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was acquired at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the purchase, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC lifted its stake in shares of lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 1,182 shares during the last quarter. Exane Derivatives bought a new stake in shares of lululemon athletica inc. in the 2nd quarter valued at approximately $106,000. Global X Management Co. LLC lifted its stake in shares of lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after purchasing an additional 719 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of lululemon athletica inc. by 4.3% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 121 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after purchasing an additional 1,000 shares during the last quarter. 79.58% of the stock is owned by institutional investors and hedge funds.

About lululemon athletica inc.

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.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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