lululemon athletica inc. (LULU) Given “Hold” Rating at BMO Capital Markets
BMO Capital Markets reiterated their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research note published on Thursday morning. BMO Capital Markets currently has a $55.00 price objective on the apparel retailer’s stock.
A number of other equities research analysts have also issued reports on LULU. BidaskClub upgraded lululemon athletica inc. from a hold rating to a buy rating in a research report on Wednesday, July 5th. Royal Bank Of Canada restated a buy rating and issued a $64.00 price target on shares of lululemon athletica inc. in a research report on Friday, July 7th. Robert W. Baird restated an outperform rating and issued a $70.00 price target on shares of lululemon athletica inc. in a research report on Monday, July 10th. Zacks Investment Research upgraded lululemon athletica inc. from a hold rating to a buy rating and set a $66.00 price target for the company in a research report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. upped their price target on lululemon athletica inc. from $65.00 to $68.00 and gave the company an outperform rating in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. currently has an average rating of Hold and an average price target of $65.67.
Shares of lululemon athletica inc. (NASDAQ LULU) traded up $0.39 during trading hours on Thursday, reaching $61.15. The company’s stock had a trading volume of 760,139 shares, compared to its average volume of 2,102,367. lululemon athletica inc. has a fifty-two week low of $47.26 and a fifty-two week high of $72.70. The company has a market cap of $8,278.55, a PE ratio of 28.05, a PEG ratio of 2.12 and a beta of 0.15.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. sell-side analysts anticipate that lululemon athletica inc. will post 2.43 earnings per share for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. IHT Wealth Management LLC raised its stake in shares of 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 acquiring an additional 1,182 shares in the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. in the second quarter valued at $106,000. Global X Management Co. LLC raised its stake in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after acquiring an additional 719 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of lululemon athletica inc. in the third quarter valued at $202,000. Institutional investors and hedge funds own 80.29% of the company’s stock.
lululemon athletica inc. 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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