lululemon athletica inc. (LULU) Rating Reiterated by Buckingham Research
lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “neutral” rating restated by equities research analysts at Buckingham Research in a research report issued on Friday. They currently have a $55.00 target price on the apparel retailer’s stock. Buckingham Research’s price objective points to a potential downside of 10.83% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $54.75 price target on the stock in a research note on Tuesday, May 16th. Zacks Investment Research lowered lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Credit Suisse Group reissued a “hold” rating and issued a $56.00 price target on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Berenberg Bank started coverage on lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 price target on the stock. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $51.00 price target (down from $57.00) on shares of lululemon athletica inc. in a research note on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.13.
Shares of lululemon athletica inc. (LULU) traded up 7.19% during mid-day trading on Friday, reaching $61.69. 11,464,888 shares of the company’s stock traded hands. The company has a 50 day moving average of $60.41 and a 200 day moving average of $57.53. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 29.22 and a beta of 0.25. lululemon athletica inc. also was the target of some unusual options trading on Tuesday. Investors bought 13,238 call options on the stock. This represents an increase of 195% compared to the average volume of 4,485 call options.
lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The firm had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. Analysts expect that lululemon athletica inc. will post $2.35 earnings per share for the current fiscal year.
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In related news, Director Glenn Murphy acquired 97,728 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of lululemon athletica inc. by 3.1% in the second quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after buying an additional 233,035 shares during the period. BlackRock Inc. boosted its stake in shares of lululemon athletica inc. by 4.4% in the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after buying an additional 228,068 shares during the period. HS Management Partners LLC boosted its stake in shares of lululemon athletica inc. by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after buying an additional 741,200 shares during the period. Janus Henderson Group PLC boosted its stake in shares of lululemon athletica inc. by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares during the period. Finally, Eaton Vance Management bought a new stake in shares of lululemon athletica inc. during the second quarter worth about $126,967,000. 79.56% of the stock is currently owned by institutional investors and hedge funds.
About lululemon athletica inc.
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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