Cowen set a $90.00 target price on Lululemon Athletica (NASDAQ:LULU) in a research note published on Thursday, January 18th. The brokerage currently has a buy rating on the apparel retailer’s stock.
LULU has been the topic of a number of other research reports. SunTrust Banks lifted their price objective on shares of Lululemon Athletica to $90.00 and gave the company a buy rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Lululemon Athletica from a hold rating to a sell rating in a research report on Tuesday, November 28th. MKM Partners raised their price target on shares of Lululemon Athletica from $89.00 to $92.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Robert W. Baird reissued an in-line rating and set a $82.00 price target (up previously from $72.00) on shares of Lululemon Athletica in a research report on Thursday, December 7th. Finally, Needham & Company LLC raised their price target on shares of Lululemon Athletica from $79.00 to $84.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $73.95.
Shares of Lululemon Athletica (NASDAQ LULU) opened at $76.80 on Thursday. The stock has a market cap of $10,400.00, a PE ratio of 38.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.26. Lululemon Athletica has a 12 month low of $47.26 and a 12 month high of $83.31.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The firm 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%. Lululemon Athletica’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. research analysts predict that Lululemon Athletica will post 2.53 EPS for the current year.
Lululemon Athletica announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake 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 worth $105,000 after purchasing an additional 1,182 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Lululemon Athletica by 702.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock worth $120,000 after purchasing an additional 1,335 shares in the last quarter. Zions Bancorporation increased its stake in Lululemon Athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Lululemon Athletica in the 3rd quarter worth about $156,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $171,000. Hedge funds and other institutional investors own 79.58% of the company’s stock.
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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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