lululemon athletica (LULU) Given “Hold” Rating at KeyCorp
KeyCorp restated their hold rating on shares of lululemon athletica (NASDAQ:LULU) in a research note released on Thursday. KeyCorp also issued estimates for lululemon athletica’s Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $2.48 EPS, Q1 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $2.72 EPS.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of lululemon athletica from a buy rating to a hold rating in a report on Wednesday, August 16th. B. Riley reaffirmed a neutral rating on shares of lululemon athletica in a report on Wednesday, November 1st. Canaccord Genuity raised shares of lululemon athletica from a sell rating to a hold rating and upped their target price for the stock from $43.00 to $70.00 in a report on Thursday. Wells Fargo & Company set a $70.00 target price on shares of lululemon athletica and gave the stock a hold rating in a report on Thursday. Finally, BidaskClub lowered shares of lululemon athletica from a buy rating to a hold rating in a report on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $69.87.
Shares of lululemon athletica (NASDAQ LULU) opened at $73.77 on Thursday. The company has a market cap of $9,987.06, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.68 and a beta of 0.19. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $74.03.
lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million during the quarter, compared to analyst estimates of $610.56 million. lululemon athletica had a net margin of 10.96% and a return on equity of 22.52%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. analysts anticipate that lululemon athletica will post 2.48 earnings per share for the current year.
lululemon athletica declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the company. Korea Investment CORP lifted its position in lululemon athletica by 12.5% in the third quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after buying an additional 45,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 29,880 shares during the last quarter. Crystal Rock Capital Management acquired a new position in lululemon athletica in the second quarter valued at about $2,418,000. APG Asset Management N.V. lifted its position 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 buying an additional 10,300 shares during the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in lululemon athletica in the third quarter valued at about $252,000. 79.45% of the stock is currently owned by hedge funds and other institutional investors.
About lululemon athletica
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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