lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “neutral” rating reiterated by research analysts at Buckingham Research in a research note issued on Friday, September 1st. They currently have a $55.00 price target on the apparel retailer’s stock. Buckingham Research’s target price suggests a potential downside of 9.24% from the company’s current price.
A number of other research firms have also recently weighed in on LULU. BMO Capital Markets set a $55.00 price target on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reissued an “outperform” rating and issued a $67.00 price objective (up from $64.00) on shares of lululemon athletica inc. in a research note on Saturday, July 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $61.00 price objective (up from $58.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.68.
lululemon athletica inc. (LULU) traded down 0.85% during midday trading on Friday, reaching $60.60. 2,418,026 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $60.59 and its 200-day moving average is $57.17. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 29.25 and a beta of 0.22. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly 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. 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 analysts’ expectations of $567.40 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts forecast 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 bought 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the purchase, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new stake in lululemon athletica inc. in the second quarter valued at $861,000. Grandeur Peak Global Advisors LLC lifted its stake in lululemon athletica inc. by 1,021.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 79,625 shares of the apparel retailer’s stock valued at $4,751,000 after buying an additional 72,525 shares during the last quarter. Scotia Capital Inc. lifted its stake in lululemon athletica inc. by 23.0% in the second quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after buying an additional 978 shares during the last quarter. IHT Wealth Management LLC lifted its stake in lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in lululemon athletica inc. in the second quarter valued at $3,363,000. Institutional investors own 79.58% of the company’s stock.
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.
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