Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at William Blair upped their FY2018 earnings per share estimates for shares of Lululemon Athletica in a research report issued on Monday, according to Zacks Investment Research. William Blair analyst S. Zackfia now expects that the apparel retailer will post earnings per share of $2.54 for the year, up from their previous estimate of $2.53. William Blair also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.28 EPS, Q4 2019 earnings at $1.52 EPS and FY2019 earnings at $3.08 EPS.
A number of other research firms also recently weighed in on LULU. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub raised Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Credit Suisse Group assumed coverage on Lululemon Athletica in a report on Monday. They set an “outperform” rating and a $96.00 price objective on the stock. Deutsche Bank lifted their price objective on Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, B. Riley reaffirmed a “hold” rating and set a $70.00 price objective on shares of Lululemon Athletica in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.03.
Lululemon Athletica (NASDAQ LULU) traded up $0.95 during midday trading on Wednesday, reaching $80.75. The company’s stock had a trading volume of 2,110,510 shares, compared to its average volume of 1,697,728. The firm has a market capitalization of $10,875.00, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.22. Lululemon Athletica has a 12 month low of $47.26 and a 12 month high of $83.98.
Lululemon Athletica declared that its board has initiated a stock repurchase program on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.47, for a total transaction of $55,943,720.98. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Lululemon Athletica by 702.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock worth $120,000 after buying an additional 1,335 shares in the last quarter. Zions Bancorporation lifted its holdings in Lululemon Athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after buying an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Lululemon Athletica during the 3rd quarter worth $156,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Lululemon Athletica during the 4th quarter worth $171,000. Finally, American International Group Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth $180,000. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
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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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