Lululemon Athletica (NASDAQ:LULU) was upgraded by analysts at TheStreet from a "c+" rating to a "b" rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.
A number of other equities research analysts have also weighed in on LULU. BTIG Research decreased their price objective on shares of Lululemon Athletica from $453.00 to $434.00 and set a "buy" rating for the company in a report on Wednesday, March 31st. They noted that the move was a valuation call. Royal Bank of Canada initiated coverage on shares of Lululemon Athletica in a research note on Friday, April 23rd. They set an "outperform" rating and a $380.00 price target for the company. Morgan Stanley increased their price objective on Lululemon Athletica from $386.00 to $394.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 1st. B. Riley reduced their price objective on Lululemon Athletica from $409.00 to $374.00 and set a "buy" rating on the stock in a report on Wednesday, March 31st. Finally, MKM Partners dropped their price target on Lululemon Athletica from $446.00 to $388.00 in a research report on Wednesday, March 31st. Eleven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of "Buy" and an average target price of $383.94.
LULU opened at $335.38 on Friday. The stock's 50 day moving average price is $318.88 and its 200-day moving average price is $335.57. Lululemon Athletica has a one year low of $213.97 and a one year high of $399.90. The stock has a market cap of $43.72 billion, a price-to-earnings ratio of 78.73, a P/E/G ratio of 4.20 and a beta of 1.22.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Monday, March 29th. The apparel retailer reported $2.58 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.49 by $0.09. Lululemon Athletica had a return on equity of 28.89% and a net margin of 13.69%. During the same period in the prior year, the firm posted $2.28 EPS. As a group, sell-side analysts expect that Lululemon Athletica will post 4.57 EPS for the current year.
In other Lululemon Athletica news, CEO Calvin Mcdonald sold 3,000 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $335.00, for a total transaction of $1,005,000.00. Following the completion of the sale, the chief executive officer now directly owns 36,469 shares in the company, valued at approximately $12,217,115. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Lake Street Financial LLC increased its holdings in shares of Lululemon Athletica by 1.5% during the 4th quarter. Lake Street Financial LLC now owns 1,986 shares of the apparel retailer's stock valued at $691,000 after purchasing an additional 30 shares in the last quarter. Brandywine Oak Private Wealth LLC boosted its position in Lululemon Athletica by 4.3% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 727 shares of the apparel retailer's stock worth $253,000 after purchasing an additional 30 shares in the last quarter. Assetmark Inc. raised its stake in shares of Lululemon Athletica by 44.4% during the 4th quarter. Assetmark Inc. now owns 104 shares of the apparel retailer's stock worth $36,000 after buying an additional 32 shares during the period. ACG Wealth increased its holdings in Lululemon Athletica by 5.3% in the 1st quarter. ACG Wealth now owns 653 shares of the apparel retailer's stock worth $200,000 after acquiring an additional 33 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Lululemon Athletica by 19.9% during the fourth quarter. Allworth Financial LP now owns 205 shares of the apparel retailer's stock valued at $71,000 after purchasing an additional 34 shares in the last quarter. 81.95% of the stock is owned by institutional investors.
Lululemon Athletica Company Profile
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.
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