Lululemon Athletica (LULU) Given Buy Rating at Barclays

Barclays restated their buy rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research note released on Monday, January 8th. The brokerage currently has a $95.00 target price on the apparel retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Lululemon Athletica from a hold rating to a buy rating and set a $68.00 price target on the stock in a research note on Monday, September 18th. SunTrust Banks set a $69.00 price target on shares of Lululemon Athletica and gave the company a buy rating in a research note on Monday, October 16th. Needham & Company LLC set a $69.00 price target on shares of Lululemon Athletica and gave the company a buy rating in a research note on Monday, October 16th. Robert W. Baird reiterated a buy rating and issued a $72.00 price objective on shares of Lululemon Athletica in a report on Wednesday, October 4th. Finally, Citigroup upgraded shares of Lululemon Athletica from a neutral rating to a buy rating and decreased their price objective for the company from $61.50 to $60.09 in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $73.27.

Lululemon Athletica (NASDAQ LULU) traded up $0.49 during trading hours on Monday, reaching $78.70. 290,596 shares of the company’s stock were exchanged, compared to its average volume of 1,273,163. The stock has a market cap of $10,590.00, a PE ratio of 39.14, a P/E/G ratio of 2.44 and a beta of 0.19. Lululemon Athletica has a one year low of $47.26 and a one year high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. analysts forecast that Lululemon Athletica will post 2.53 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. Schwab Charles Investment Management Inc. raised its stake in shares of Lululemon Athletica by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 408,343 shares of the apparel retailer’s stock worth $24,366,000 after acquiring an additional 37,047 shares during the last quarter. Comerica Bank raised its stake in shares of Lululemon Athletica by 1.0% in the second quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock worth $699,000 after acquiring an additional 115 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Lululemon Athletica by 847.8% in the second quarter. Principal Financial Group Inc. now owns 147,780 shares of the apparel retailer’s stock worth $8,818,000 after acquiring an additional 132,188 shares during the last quarter. CIBC World Markets Inc. raised its stake in shares of Lululemon Athletica by 19.0% in the second quarter. CIBC World Markets Inc. now owns 13,265 shares of the apparel retailer’s stock worth $792,000 after acquiring an additional 2,122 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Lululemon Athletica by 66.3% during the second quarter. Franklin Resources Inc. now owns 6,870 shares of the apparel retailer’s stock worth $409,000 after buying an additional 2,740 shares during the last quarter. 79.52% 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.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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