lululemon athletica inc. (LULU) PT Set at $70.00 by Robert W. Baird
lululemon athletica inc. (NASDAQ:LULU) received a $70.00 price target from Robert W. Baird in a report released on Tuesday. The firm currently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 21.51% from the company’s current price.
Several other brokerages have also recently issued reports on LULU. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price objective for the company in a report on Monday, May 1st. Zacks Investment Research cut lululemon athletica inc. from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Credit Suisse Group reissued a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a report on Wednesday, May 17th. Berenberg Bank assumed coverage on lululemon athletica inc. in a report on Tuesday, May 16th. They issued a “hold” rating and a $54.00 price objective for the company. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $51.00 price objective (down previously from $57.00) on shares of lululemon athletica inc. in a report on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. lululemon athletica inc. presently has a consensus rating of “Hold” and a consensus price target of $65.71.
lululemon athletica inc. (LULU) opened at 57.61 on Tuesday. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.24. The firm’s 50-day moving average price is $60.44 and its 200 day moving average price is $57.77. The company has a market capitalization of $7.88 billion, a PE ratio of 27.29 and a beta of 0.25. lululemon athletica inc. also saw unusually large options trading on Tuesday. Stock investors bought 13,238 call options on the company. This is an increase of approximately 195% compared to the average daily volume of 4,485 call options.
lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The company had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.
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In other news, Director Glenn Murphy acquired 97,728 shares of the company’s stock in a transaction on Monday, June 26th. The shares were bought at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.
Several institutional investors have recently modified their holdings of LULU. USA Financial Portformulas Corp purchased a new position in shares of lululemon athletica inc. during the second quarter valued at about $861,000. Grandeur Peak Global Advisors LLC raised its position in shares of lululemon athletica inc. by 1,021.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 79,625 shares of the apparel retailer’s stock valued at $4,751,000 after buying an additional 72,525 shares during the last quarter. Scotia Capital Inc. raised its position in shares of lululemon athletica inc. by 23.0% in the second quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after buying an additional 978 shares during the last quarter. IHT Wealth Management LLC raised its position 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 buying an additional 1,182 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of lululemon athletica inc. during the second quarter valued at about $3,363,000. 79.56% of the stock is currently owned by institutional investors.
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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