Brokerages Set Lululemon Athletica inc. (LULU) Price Target at $74.71
Lululemon Athletica inc. (NASDAQ:LULU) has been given an average recommendation of “Buy” by the thirty-nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $74.71.
A number of research firms have recently issued reports on LULU. SunTrust Banks upped their price target on Lululemon Athletica to $90.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. MKM Partners upped their price target on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird restated an “in-line” rating and issued a $82.00 price target (up from $72.00) on shares of Lululemon Athletica in a research report on Thursday, December 7th. Finally, Needham & Company LLC upped their price target on Lululemon Athletica from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th.
In other 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 document filed with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.
Lululemon Athletica (NASDAQ:LULU) traded up $1.03 during mid-day trading on Tuesday, hitting $82.07. The stock had a trading volume of 887,545 shares, compared to its average volume of 2,042,692. The stock has a market capitalization of $11,110.55, a price-to-earnings ratio of 40.83, a PEG ratio of 2.11 and a beta of 0.22. Lululemon Athletica has a 1-year low of $47.26 and a 1-year high of $83.59.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to analyst estimates of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. equities research analysts anticipate that Lululemon Athletica will post 2.53 earnings per share for the current year.
Lululemon Athletica announced that its board has authorized a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
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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