Lululemon Athletica inc. (NASDAQ:LULU) has been assigned an average recommendation of “Buy” from the thirty-eight ratings firms that are currently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $156.44.
Several brokerages have recently issued reports on LULU. Wedbush lifted their price target on Lululemon Athletica from $110.00 to $176.00 and gave the company a “neutral” rating in a research report on Tuesday, October 2nd. B. Riley reiterated a “neutral” rating and set a $155.00 price target (up from $141.00) on shares of Lululemon Athletica in a research report on Tuesday, October 2nd. Royal Bank of Canada lifted their price target on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Cowen set a $185.00 price target on Lululemon Athletica and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. Finally, MKM Partners set a $174.00 price target on Lululemon Athletica and gave the company a “buy” rating in a research report on Tuesday, October 2nd.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Lululemon Athletica during the third quarter valued at $130,000. Parallel Advisors LLC grew its holdings in shares of Lululemon Athletica by 230.4% during the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after buying an additional 666 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Lululemon Athletica during the third quarter valued at $161,000. Northwest Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the second quarter valued at $125,000. Finally, Synovus Financial Corp purchased a new position in shares of Lululemon Athletica during the second quarter valued at $127,000. Institutional investors and hedge funds own 79.30% of the company’s stock.
Shares of LULU stock opened at $142.02 on Friday. Lululemon Athletica has a 1 year low of $59.93 and a 1 year high of $164.79. The firm has a market cap of $18.80 billion, a PE ratio of 54.83, a PEG ratio of 2.06 and a beta of 0.38.
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, beating the 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 company had revenue of $723.50 million for the quarter, compared to analysts’ expectations of $669.14 million. During the same period last year, the firm earned $0.39 EPS. Sell-side analysts predict that Lululemon Athletica will post 3.58 earnings per share for the current 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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