Lululemon Athletica (LULU) Reaches New 52-Week High and Low at $96.32

Lululemon Athletica (NASDAQ:LULU) shares reached a new 52-week high and low during trading on Friday . The stock traded as low as $96.32 and last traded at $95.67, with a volume of 770967 shares traded. The stock had previously closed at $95.29.

Several research firms recently commented on LULU. JPMorgan Chase boosted their price target on Lululemon Athletica to $107.00 and gave the stock an “overweight” rating in a research note on Monday, April 16th. Credit Suisse Group boosted their price target on Lululemon Athletica from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, April 13th. Morgan Stanley boosted their price target on Lululemon Athletica from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 10th. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Finally, Wolfe Research upgraded Lululemon Athletica from a “peer perform” rating to an “outperform” rating and set a $101.00 price target on the stock in a research note on Thursday, March 29th. Sixteen investment 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 presently has a consensus rating of “Buy” and a consensus price target of $82.14.

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The firm has a market cap of $12,907.51, a P/E ratio of 37.19, a P/E/G ratio of 2.37 and a beta of 0.19.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $912.41 million. Lululemon Athletica had a return on equity of 24.59% and a net margin of 9.76%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. equities analysts anticipate that Lululemon Athletica will post 3.09 EPS for the current fiscal year.

In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Global X Management Co. LLC grew its holdings in Lululemon Athletica by 22.4% in the 4th quarter. Global X Management Co. LLC now owns 3,933 shares of the apparel retailer’s stock worth $309,000 after buying an additional 719 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Lululemon Athletica by 481.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 395,741 shares of the apparel retailer’s stock worth $31,101,000 after buying an additional 327,624 shares in the last quarter. Marco Investment Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $204,000. APG Asset Management N.V. grew its holdings in Lululemon Athletica by 11.4% in the 4th quarter. APG Asset Management N.V. now owns 197,388 shares of the apparel retailer’s stock worth $12,919,000 after buying an additional 20,200 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Lululemon Athletica by 4.5% in the 4th quarter. Amalgamated Bank now owns 19,142 shares of the apparel retailer’s stock worth $1,504,000 after buying an additional 827 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

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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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