Lululemon Athletica (LULU) Stock Rating Reaffirmed by Barclays
Barclays reaffirmed their buy rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research report sent to investors on Monday morning. Barclays currently has a $95.00 target price on the apparel retailer’s stock.
LULU has been the topic of several other research reports. BMO Capital Markets reiterated a hold rating and issued a $55.00 target price on shares of Lululemon Athletica in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Lululemon Athletica from a buy rating to a hold rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a buy rating and issued a $72.00 target price on shares of Lululemon Athletica in a report on Wednesday, October 4th. Canaccord Genuity set a $43.00 target price on shares of Lululemon Athletica and gave the stock a sell rating in a report on Tuesday, December 5th. Finally, Needham & Company LLC set a $69.00 target price on shares of Lululemon Athletica and gave the stock a buy rating in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $72.63.
Shares of Lululemon Athletica (NASDAQ LULU) traded up $0.47 on Monday, reaching $79.51. 1,482,084 shares of the company traded hands, compared to its average volume of 2,090,000. The company has a market cap of $10,760.00, a P/E ratio of 39.56, a PEG ratio of 2.51 and a beta of 0.19. Lululemon Athletica has a 12-month low of $47.26 and a 12-month high of $81.92.
Lululemon Athletica announced that its board has authorized a share buyback plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Lululemon Athletica by 3.1% in the second quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after acquiring an additional 233,035 shares during the period. BlackRock Inc. increased its stake in Lululemon Athletica by 4.4% in the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after acquiring an additional 228,068 shares during the period. HS Management Partners LLC increased its stake in Lululemon Athletica by 36.4% in the second 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 during the period. Janus Henderson Group PLC increased its stake in Lululemon Athletica by 16,053.2% in the second 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 during the period. Finally, State Street Corp increased its stake in Lululemon Athletica by 0.8% in the second quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock valued at $126,101,000 after acquiring an additional 16,821 shares during the period. 79.31% of the stock is currently owned by institutional investors and hedge funds.
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Lululemon Athletica 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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