lululemon athletica (NASDAQ:LULU) had its target price lifted by research analysts at Oppenheimer from $68.00 to $75.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Oppenheimer’s target price indicates a potential upside of 10.85% from the stock’s previous close.
A number of other brokerages have also weighed in on LULU. Cowen reissued a “buy” rating and set a $78.00 price target (up previously from $68.00) on shares of lululemon athletica in a research note on Thursday. B. Riley increased their price target on lululemon athletica from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus increased their price target on lululemon athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday. J P Morgan Chase & Co reissued an “overweight” rating and set a $79.00 price target on shares of lululemon athletica in a research note on Thursday. Finally, Canaccord Genuity raised lululemon athletica from a “sell” rating to a “hold” rating and increased their price target for the stock from $43.00 to $70.00 in a research note on Thursday. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $69.65.
Shares of lululemon athletica (NASDAQ:LULU) traded up $1.30 during trading on Thursday, hitting $67.66. The company’s stock had a trading volume of 5,815,200 shares, compared to its average volume of 2,614,103. lululemon athletica has a one year low of $47.26 and a one year high of $72.70. The stock has a market cap of $8,983.88, a price-to-earnings ratio of 30.44, a PEG ratio of 2.46 and a beta of 0.19.
lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities research analysts expect that lululemon athletica will post 2.43 earnings per share for the current fiscal year.
lululemon athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
Large investors have recently bought and sold shares of the business. IHT Wealth Management LLC lifted its position in shares of lululemon athletica by 591.0% during the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after purchasing an additional 1,182 shares during the last quarter. Zions Bancorporation lifted its position in shares of lululemon athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 1,356 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of lululemon athletica by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of lululemon athletica during the third quarter worth about $156,000. Finally, Oakbrook Investments LLC bought a new position in shares of lululemon athletica during the third quarter worth about $202,000. 79.45% of the stock is owned by institutional investors.
lululemon athletica 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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