lululemon athletica (LULU) Given New $75.00 Price Target at Stifel Nicolaus
lululemon athletica (NASDAQ:LULU) had its price target hoisted by Stifel Nicolaus from $66.00 to $75.00 in a report issued on Thursday. They currently have a hold rating on the apparel retailer’s stock.
Other analysts have also recently issued research reports about the company. Vetr upgraded lululemon athletica from a hold rating to a buy rating and set a $63.40 price target for the company in a report on Thursday, August 10th. Robert W. Baird set a $70.00 price target on lululemon athletica and gave the company a buy rating in a report on Tuesday, August 29th. Cowen set a $67.00 price target on lululemon athletica and gave the company a buy rating in a report on Monday, August 21st. Bank of America upgraded lululemon athletica from an underperform rating to a buy rating and lifted their price target for the company from $48.00 to $70.00 in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded lululemon athletica from a hold rating to a buy rating and set a $67.00 target price for the company in a report on Thursday, August 17th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $70.13.
lululemon athletica (LULU) traded up $1.76 on Thursday, reaching $73.77. The company’s stock had a trading volume of 3,174,296 shares, compared to its average volume of 2,644,009. The stock has a market cap of $9,159.88, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.19. lululemon athletica has a 52 week low of $47.26 and a 52 week high of $74.03.
lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a return on equity of 22.74% and a net margin of 10.96%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. equities analysts predict that lululemon athletica will post 2.43 EPS for the current fiscal year.
lululemon athletica announced that its board has initiated a stock buyback 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 purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Several hedge funds have recently bought and sold shares of LULU. Janus Henderson Group PLC raised its position in shares of lululemon athletica by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares in the last quarter. Eaton Vance Management acquired a new stake in shares of lululemon athletica during the 2nd quarter valued at approximately $126,967,000. Lazard Asset Management LLC acquired a new stake in shares of lululemon athletica during the 2nd quarter valued at approximately $94,181,000. HS Management Partners LLC raised its position in shares of lululemon athletica by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of lululemon athletica by 145.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock valued at $68,856,000 after acquiring an additional 684,667 shares in the last quarter. 79.45% of the stock is currently owned by institutional investors and hedge funds.
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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