Shares of Lululemon Athletica inc. (NASDAQ:LULU) have received a consensus rating of “Buy” from the thirty-four brokerages that are presently covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $189.07.

Several equities research analysts recently commented on the company. MKM Partners boosted their target price on Lululemon Athletica from $179.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. UBS Group upped their price target on Lululemon Athletica from $176.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. B. Riley upped their price target on Lululemon Athletica from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Canaccord Genuity upped their price target on Lululemon Athletica from $191.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Morgan Stanley upped their price target on Lululemon Athletica from $160.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, June 13th.

NASDAQ:LULU traded down $4.63 during midday trading on Monday, hitting $181.87. 4,111,448 shares of the stock were exchanged, compared to its average volume of 2,785,777. Lululemon Athletica has a one year low of $110.71 and a one year high of $190.52. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The firm had revenue of $782.30 million for the quarter, compared to analysts’ expectations of $755.92 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica will post 4.7 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other news, Director Dennis J. Wilson sold 288,856 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $155.79, for a total transaction of $45,000,876.24. Following the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $600,103.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dennis J. Wilson sold 155,800 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $144.43, for a total transaction of $22,502,194.00. Following the transaction, the director now owns 3,852 shares in the company, valued at $556,344.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 519,344 shares of company stock worth $79,873,942. Company insiders own 0.32% of the company’s stock.

Several institutional investors have recently bought and sold shares of LULU. Jennison Associates LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $314,834,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Lululemon Athletica by 16.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,799 shares of the apparel retailer’s stock worth $1,442,000 after purchasing an additional 1,259 shares in the last quarter. First Foundation Advisors bought a new stake in Lululemon Athletica in the fourth quarter worth $1,216,000. Scotia Capital Inc. boosted its holdings in Lululemon Athletica by 79.8% in the fourth quarter. Scotia Capital Inc. now owns 10,976 shares of the apparel retailer’s stock worth $1,335,000 after purchasing an additional 4,871 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its holdings in Lululemon Athletica by 4.9% in the first quarter. Chartwell Investment Partners LLC now owns 3,269 shares of the apparel retailer’s stock worth $536,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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