Lululemon Athletica (NASDAQ:LULU)'s stock had its "buy" rating reissued by equities research analysts at Raymond James in a research note issued on Friday, TipRanks reports. They presently have a $335.00 price target on the apparel retailer's stock. Raymond James' target price indicates a potential upside of 6.28% from the stock's previous close.
Other equities analysts have also issued reports about the stock. Robert W. Baird lifted their target price on shares of Lululemon Athletica from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Zacks Investment Research lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating and set a $320.00 target price for the company. in a report on Tuesday, June 23rd. BMO Capital Markets reaffirmed a "hold" rating and set a $192.00 target price on shares of Lululemon Athletica in a report on Tuesday, June 30th. William Blair reaffirmed a "buy" rating on shares of Lululemon Athletica in a report on Thursday, May 28th. Finally, UBS Group lifted their target price on shares of Lululemon Athletica from $230.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, June 19th. Twelve analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average price target of $306.53.
Shares of NASDAQ LULU opened at $315.20 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.69 and a debt-to-equity ratio of 0.35. Lululemon Athletica has a 12 month low of $128.85 and a 12 month high of $324.76. The company has a 50 day simple moving average of $300.99 and a two-hundred day simple moving average of $242.60. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 71.31, a PEG ratio of 3.87 and a beta of 1.08.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $651.96 million for the quarter, compared to analysts' expectations of $695.98 million. Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. Lululemon Athletica's revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. Analysts forecast that Lululemon Athletica will post 4.37 EPS for the current year.
In other news, insider Michelle Sun Choe sold 4,744 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the completion of the sale, the insider now owns 10,370 shares in the company, valued at approximately $3,236,995.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Celeste Burgoyne sold 368 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $312.32, for a total transaction of $114,933.76. Following the sale, the executive vice president now owns 15,773 shares of the company's stock, valued at approximately $4,926,223.36. The disclosure for this sale can be found here. Insiders sold a total of 235,126 shares of company stock worth $53,035,109 over the last three months. Corporate insiders own 0.32% of the company's stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LULU. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Lululemon Athletica by 6.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer's stock worth $11,914,000 after buying an additional 4,589 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Lululemon Athletica by 48.6% during the 4th quarter. Franklin Resources Inc. now owns 88,685 shares of the apparel retailer's stock worth $20,546,000 after buying an additional 29,009 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $100,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Lululemon Athletica by 110.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,550 shares of the apparel retailer's stock valued at $2,444,000 after purchasing an additional 5,525 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Lululemon Athletica by 51.4% in the 4th quarter. Stifel Financial Corp now owns 82,397 shares of the apparel retailer's stock valued at $19,090,000 after purchasing an additional 27,986 shares during the last quarter. Institutional investors and hedge funds own 83.08% of the company's stock.
Lululemon Athletica Company Profile
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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