lululemon athletica inc. (LULU) Given Consensus Recommendation of “Hold” by Brokerages
lululemon athletica inc. (NASDAQ:LULU) has been given an average rating of “Hold” by the forty-one brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.66.
A number of research firms have recently commented on LULU. Zacks Investment Research downgraded lululemon athletica from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. B. Riley restated a “neutral” rating on shares of lululemon athletica in a research report on Wednesday, November 1st. Wells Fargo & Company restated a “market perform” rating and issued a $60.00 price target (up from $54.00) on shares of lululemon athletica in a research report on Friday, September 1st. Canaccord Genuity restated a “sell” rating and issued a $43.00 price target on shares of lululemon athletica in a research report on Friday, September 22nd. Finally, Susquehanna Bancshares restated a “buy” rating and issued a $85.00 price target (up from $71.00) on shares of lululemon athletica in a research report on Thursday, December 7th.
Institutional investors have recently added to or reduced their stakes in the stock. Korea Investment CORP lifted its holdings in shares of lululemon athletica by 12.5% during the third quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock worth $25,572,000 after purchasing an additional 45,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in lululemon athletica by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after acquiring an additional 29,880 shares during the period. Crystal Rock Capital Management acquired a new position in lululemon athletica in the second quarter valued at approximately $2,418,000. ETRADE Capital Management LLC acquired a new position in lululemon athletica in the third quarter valued at approximately $252,000. Finally, APG Asset Management N.V. lifted its holdings in lululemon athletica by 6.2% in the third quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after acquiring an additional 10,300 shares during the period. 79.45% of the stock is owned by hedge funds and other institutional investors.
Shares of lululemon athletica (NASDAQ:LULU) opened at $74.19 on Thursday. lululemon athletica has a fifty-two week low of $47.26 and a fifty-two week high of $74.99. The stock has a market cap of $9,969.46, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 2.68 and a beta of 0.19.
lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data 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. lululemon athletica had a net margin of 10.96% and a return on equity of 22.52%. The business had revenue of $619.00 million during the quarter, compared to analyst estimates of $610.56 million. During the same period last year, the firm posted $0.50 EPS. The company’s revenue was up 13.7% on a year-over-year basis. analysts predict that lululemon athletica will post 2.48 EPS for the current year.
lululemon athletica announced that its board has approved a share buyback program on Wednesday, December 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
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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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