Shares of Lululemon Athletica inc. (NASDAQ:LULU) have been assigned a consensus rating of “Buy” from the thirty-eight analysts that are presently covering the firm, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $155.53.
LULU has been the subject of several research analyst reports. Wells Fargo & Co raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $144.00 to $200.00 in a research note on Monday, September 17th. Morgan Stanley lifted their price target on Lululemon Athletica from $108.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating and set a $181.00 price target for the company in a research note on Wednesday, September 5th. B. Riley lifted their price target on Lululemon Athletica from $112.00 to $141.00 and gave the stock a “neutral” rating in a research note on Friday, August 31st. Finally, Barclays lifted their price target on Lululemon Athletica from $150.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, August 31st.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Dimensional Fund Advisors LP raised its position in Lululemon Athletica by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 409,027 shares of the apparel retailer’s stock valued at $36,452,000 after purchasing an additional 4,443 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Lululemon Athletica by 151.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,919 shares of the apparel retailer’s stock valued at $706,000 after purchasing an additional 23,191 shares during the last quarter. OppenheimerFunds Inc. raised its position in Lululemon Athletica by 170.1% during the 1st quarter. OppenheimerFunds Inc. now owns 157,212 shares of the apparel retailer’s stock valued at $14,010,000 after purchasing an additional 99,000 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Lululemon Athletica by 9.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 179,102 shares of the apparel retailer’s stock worth $15,962,000 after acquiring an additional 15,060 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $257,000. 79.57% of the stock is owned by institutional investors and hedge funds.
LULU stock traded up $3.20 during mid-day trading on Wednesday, hitting $143.71. 3,287,330 shares of the stock were exchanged, compared to its average volume of 1,996,735. Lululemon Athletica has a 12 month low of $57.40 and a 12 month high of $164.79. The firm has a market cap of $21.51 billion, a P/E ratio of 55.49, a price-to-earnings-growth ratio of 2.37 and a beta of 0.10.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The firm had revenue of $723.50 million during the quarter, compared to analyst estimates of $669.14 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities analysts expect that Lululemon Athletica will post 3.57 earnings per share for the current fiscal year.
Lululemon Athletica Company Profile
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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