Investors sold shares of Lululemon Athletica inc. (NASDAQ:LULU) on strength during trading hours on Wednesday. $15.92 million flowed into the stock on the tick-up and $41.53 million flowed out of the stock on the tick-down, for a money net flow of $25.61 million out of the stock. Of all companies tracked, Lululemon Athletica had the 0th highest net out-flow for the day. Lululemon Athletica traded up $0.58 for the day and closed at $81.16
A number of analysts have weighed in on LULU shares. Citigroup raised their price objective on shares of Lululemon Athletica to $78.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Wells Fargo & Co set a $79.00 target price on shares of Lululemon Athletica and gave the company a “hold” rating in a report on Thursday, January 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $95.00 target price on shares of Lululemon Athletica in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Lululemon Athletica in a report on Friday, December 8th. Finally, Stifel Nicolaus lifted their target price on shares of Lululemon Athletica from $66.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 7th. 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 stock presently has an average rating of “Buy” and an average target price of $73.95.
The company has a market cap of $10,960.00, a PE ratio of 40.35, a P/E/G ratio of 2.08 and a beta of 0.26.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The company 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 business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. equities research analysts forecast that Lululemon Athletica inc. will post 2.53 earnings per share for the current year.
Lululemon Athletica announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Lululemon Athletica by 702.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock worth $120,000 after buying an additional 1,335 shares during the last quarter. Zions Bancorporation raised its stake in shares of Lululemon Athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after buying an additional 1,356 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth $156,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $171,000. Finally, American International Group Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $180,000. 78.70% of the stock is owned by institutional investors and hedge funds.
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Lululemon Athletica Company Profile
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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