Lululemon Athletica (NASDAQ:LULU) Given New $255.00 Price Target at MKM Partners
Lululemon Athletica (NASDAQ:LULU) had its target price upped by MKM Partners to $255.00 in a report issued on Friday morning, The Fly reports. They currently have a buy rating on the apparel retailer’s stock.
LULU has been the subject of a number of other reports. Barclays initiated coverage on Lululemon Athletica in a report on Monday, November 25th. They issued an overweight rating and a $257.00 target price for the company. Needham & Company LLC reaffirmed a hold rating on shares of Lululemon Athletica in a research note on Friday, September 6th. Wells Fargo & Co upped their price target on Lululemon Athletica from $210.00 to $230.00 and gave the company an outperform rating in a research report on Monday, November 4th. Stifel Nicolaus set a $238.00 price target on Lululemon Athletica and gave the company a buy rating in a research report on Friday, September 6th. Finally, Morgan Stanley increased their price objective on Lululemon Athletica from $163.00 to $169.00 and gave the stock an equal weight rating in a research note on Friday, September 6th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica currently has a consensus rating of Buy and a consensus price target of $219.45.
Shares of NASDAQ:LULU traded down $1.41 during midday trading on Friday, reaching $229.38. 1,905,043 shares of the company’s stock were exchanged, compared to its average volume of 1,988,962. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The company’s 50 day simple moving average is $212.31 and its two-hundred day simple moving average is $191.34. Lululemon Athletica has a 12 month low of $110.71 and a 12 month high of $233.12. The firm has a market capitalization of $29.88 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 46,725 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at approximately $754,760.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in LULU. Algert Global LLC increased its stake in shares of Lululemon Athletica by 129.2% in the 2nd quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock valued at $2,320,000 after buying an additional 7,257 shares during the period. Carroll Financial Associates Inc. lifted its position in Lululemon Athletica by 70.3% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock valued at $225,000 after purchasing an additional 484 shares during the period. Executive Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 7.6% in the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock valued at $1,693,000 after purchasing an additional 663 shares during the last quarter. Swiss National Bank boosted its stake in shares of Lululemon Athletica by 10.8% in the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock valued at $66,093,000 after purchasing an additional 35,800 shares during the last quarter. Finally, Sigma Planning Corp grew its position in shares of Lululemon Athletica by 47.1% during the 3rd quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock worth $833,000 after buying an additional 1,387 shares during the period. Institutional investors own 79.81% 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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