Lululemon Athletica (NASDAQ:LULU) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, December 19th.
Other equities research analysts have also issued research reports about the company. Cowen set a $67.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a research note on Monday, August 21st. Bank of America raised Lululemon Athletica from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $48.00 to $70.00 in a research note on Monday, August 21st. Robert W. Baird set a $70.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $67.00 price target on shares of Lululemon Athletica in a research note on Thursday, August 31st. Finally, Instinet reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of Lululemon Athletica in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $72.95.
Lululemon Athletica (NASDAQ LULU) opened at $78.84 on Tuesday. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92. The stock has a market capitalization of $10,693.59, a PE ratio of 39.22, a P/E/G ratio of 2.44 and a beta of 0.19.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. research analysts forecast that Lululemon Athletica will post 2.51 earnings per share for the current year.
Lululemon Athletica declared that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
Large investors have recently bought and sold shares of the business. IHT Wealth Management LLC boosted its position in Lululemon Athletica by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the last quarter. Zions Bancorporation boosted its position in Lululemon Athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after buying an additional 1,356 shares during the last quarter. Global X Management Co. LLC boosted its position in Lululemon Athletica by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $156,000. Finally, Oakbrook Investments LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $202,000. 79.31% of the stock is owned by institutional investors.
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About Lululemon Athletica
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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