Lululemon Athletica (NASDAQ:LULU) Given a $210.00 Price Target at UBS Group
UBS Group set a $210.00 price target on Lululemon Athletica (NASDAQ:LULU) in a report published on Monday, TipRanks reports. The firm currently has a hold rating on the apparel retailer’s stock.
Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus set a $238.00 price objective on shares of Lululemon Athletica and gave the company a buy rating in a research note on Friday, September 6th. MKM Partners raised their price objective on Lululemon Athletica from $215.00 to $217.00 and gave the stock a buy rating in a report on Tuesday, September 3rd. Jefferies Financial Group lifted their target price on Lululemon Athletica from $175.00 to $200.00 and gave the stock a hold rating in a research report on Friday, September 6th. Zacks Investment Research raised Lululemon Athletica from a hold rating to a buy rating and set a $213.00 target price for the company in a report on Monday. Finally, B. Riley set a $176.00 target price on Lululemon Athletica and gave the company a hold rating in a research report on Friday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $204.64.
Shares of NASDAQ:LULU traded up $3.15 during trading on Monday, hitting $196.41. 2,050,080 shares of the company were exchanged, compared to its average volume of 2,127,771. The stock has a market capitalization of $25.32 billion, a P/E ratio of 51.15, a PEG ratio of 2.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. Lululemon Athletica has a 12-month low of $110.71 and a 12-month high of $204.44. The firm’s 50 day moving average price is $184.73 and its 200-day moving average price is $173.28.
In other news, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total value of $30,005,116.29. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $704,492.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders have sold a total of 425,032 shares of company stock valued at $80,229,658 over the last ninety days. 0.34% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Lululemon Athletica by 0.5% in the 1st quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock worth $3,030,287,000 after acquiring an additional 97,885 shares during the period. Vanguard Group Inc. raised its holdings in Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock worth $1,813,552,000 after purchasing an additional 519,269 shares in the last quarter. Jennison Associates LLC raised its holdings in Lululemon Athletica by 39.6% during the second quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock worth $1,590,443,000 after purchasing an additional 2,504,324 shares in the last quarter. BlackRock Inc. lifted its position in Lululemon Athletica by 16.8% in the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after purchasing an additional 990,207 shares during the period. Finally, Invesco Ltd. lifted its position in Lululemon Athletica by 31.2% in the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock valued at $315,490,000 after purchasing an additional 416,753 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.
About Lululemon Athletica
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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