Lululemon Athletica (LULU) Price Target Raised to $107.00 at JPMorgan Chase

Lululemon Athletica (NASDAQ:LULU) had its target price upped by JPMorgan Chase to $107.00 in a report published on Monday, The Fly reports. They currently have an overweight rating on the apparel retailer’s stock.

LULU has been the subject of a number of other reports. Bank of America lifted their price target on shares of Lululemon Athletica from $90.00 to $95.00 and gave the stock a buy rating in a research note on Wednesday, March 28th. Barclays lifted their price objective on shares of Lululemon Athletica from $95.00 to $100.00 and gave the company an overweight rating in a report on Wednesday, March 28th. BMO Capital Markets set a $75.00 price objective on shares of Lululemon Athletica and gave the company a hold rating in a report on Tuesday, December 19th. BidaskClub upgraded shares of Lululemon Athletica from a buy rating to a strong-buy rating in a report on Wednesday, December 27th. Finally, Canaccord Genuity set a $75.00 price objective on shares of Lululemon Athletica and gave the company a hold rating in a report on Sunday, January 7th. Sixteen analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $82.14.

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LULU stock opened at $93.76 on Monday. Lululemon Athletica has a 12 month low of $47.26 and a 12 month high of $93.81. The stock has a market cap of $12,422.58, a P/E ratio of 35.27, a PEG ratio of 2.28 and a beta of 0.19.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.06. Lululemon Athletica had a net margin of 9.76% and a return on equity of 24.59%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $912.41 million. During the same period in the previous year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts predict that Lululemon Athletica will post 3.08 earnings per share for the current year.

In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Logan Capital Management Inc. raised its stake in shares of Lululemon Athletica by 3.9% during the 4th quarter. Logan Capital Management Inc. now owns 17,490 shares of the apparel retailer’s stock worth $1,375,000 after acquiring an additional 659 shares in the last quarter. Bramshill Investments LLC raised its stake in shares of Lululemon Athletica by 10.2% during the 4th quarter. Bramshill Investments LLC now owns 7,660 shares of the apparel retailer’s stock worth $602,000 after acquiring an additional 712 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Lululemon Athletica by 22.4% during the 4th quarter. Global X Management Co. LLC now owns 3,933 shares of the apparel retailer’s stock worth $309,000 after acquiring an additional 719 shares in the last quarter. Amalgamated Bank raised its stake in shares of Lululemon Athletica by 4.5% during the 4th quarter. Amalgamated Bank now owns 19,142 shares of the apparel retailer’s stock worth $1,504,000 after acquiring an additional 827 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Lululemon Athletica by 26.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 5,035 shares of the apparel retailer’s stock worth $313,000 after acquiring an additional 1,046 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

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About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, 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 and running; other sweaty pursuits; and athletic wear for female youth.

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