Goldman Sachs Group initiated coverage on shares of Lululemon Athletica (NASDAQ:LULU) in a report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $133.00 price objective on the apparel retailer’s stock.
Several other equities research analysts also recently commented on the stock. Bank of America reaffirmed a buy rating and set a $106.00 price objective on shares of Lululemon Athletica in a report on Tuesday, April 24th. BidaskClub raised shares of Lululemon Athletica from a buy rating to a strong-buy rating in a report on Friday, April 27th. Credit Suisse Group began coverage on shares of Lululemon Athletica in a report on Monday, March 12th. They issued an outperform rating and a $96.00 price target on the stock. Morgan Stanley increased their price target on shares of Lululemon Athletica from $82.00 to $85.00 and gave the stock an equal weight rating in a report on Tuesday, April 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $92.00 to $95.00 and gave the stock an overweight rating in a report on Wednesday, March 28th. Fifteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $104.11.
Lululemon Athletica opened at $123.88 on Monday, according to MarketBeat Ratings. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 2.90 and a beta of 0.15. Lululemon Athletica has a 52 week low of $55.12 and a 52 week high of $129.79.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $912.41 million. Lululemon Athletica had a net margin of 10.89% and a return on equity of 25.46%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. equities research analysts anticipate that Lululemon Athletica will post 3.21 EPS for the current year.
In other Lululemon Athletica news, Director David M. Mussafer sold 17,935 shares of the stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total transaction of $2,170,135.00. Following the transaction, the director now directly owns 18,202 shares in the company, valued at $2,202,442. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total transaction of $1,210,000,000.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Avalon Advisors LLC bought a new position in Lululemon Athletica during the first quarter valued at approximately $2,278,000. Cynosure Advisors LLC purchased a new stake in shares of Lululemon Athletica during the first quarter valued at approximately $319,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Lululemon Athletica by 347.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 18,500 shares of the apparel retailer’s stock valued at $1,649,000 after purchasing an additional 14,362 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of Lululemon Athletica during the first quarter valued at approximately $319,000. Finally, Amalgamated Bank boosted its stake in shares of Lululemon Athletica by 6.7% during the first quarter. Amalgamated Bank now owns 20,421 shares of the apparel retailer’s stock valued at $1,820,000 after purchasing an additional 1,279 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.
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, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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