Lululemon Athletica (NASDAQ:LULU) had its price target reduced by DA Davidson to $175.00 in a research report released on Tuesday, The Fly reports. They currently have an average rating on the apparel retailer’s stock.
Other analysts have also issued reports about the stock. Needham & Company LLC reissued a hold rating on shares of Lululemon Athletica in a research note on Thursday, June 13th. Jefferies Financial Group lowered shares of Lululemon Athletica to a hold rating and upped their price objective for the stock from $156.00 to $175.00 in a research note on Thursday, June 13th. Deutsche Bank upped their price objective on shares of Lululemon Athletica from $204.00 to $205.00 and gave the stock a buy rating in a research note on Thursday, June 13th. BidaskClub lowered shares of Zynga from a buy rating to a hold rating in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. raised shares of Scor from a neutral rating to an overweight rating in a research note on Thursday, June 13th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $189.34.
NASDAQ LULU opened at $183.07 on Tuesday. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. Lululemon Athletica has a 52 week low of $110.71 and a 52 week high of $190.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. The stock’s fifty day moving average price is $176.85.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The firm had revenue of $782.30 million during the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, research analysts anticipate that Lululemon Athletica will post 4.7 EPS for the current fiscal year.
Lululemon Athletica declared that its board has initiated a stock buyback plan on Wednesday, March 27th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, Director David M. Mussafer sold 4,484 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $186.10, for a total transaction of $834,472.40. Following the transaction, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $205,000. Stephens Inc. AR increased its position in shares of Lululemon Athletica by 58.8% during the 4th quarter. Stephens Inc. AR now owns 1,088 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 403 shares during the period. Raymond James & Associates increased its position in shares of Lululemon Athletica by 65.3% during the 4th quarter. Raymond James & Associates now owns 60,225 shares of the apparel retailer’s stock valued at $7,324,000 after purchasing an additional 23,788 shares during the period. Advisor Group Inc. increased its position in shares of Lululemon Athletica by 34.8% during the 4th quarter. Advisor Group Inc. now owns 10,363 shares of the apparel retailer’s stock valued at $1,261,000 after purchasing an additional 2,678 shares during the period. Finally, Martingale Asset Management L P increased its position in shares of Lululemon Athletica by 49.1% during the 4th quarter. Martingale Asset Management L P now owns 6,274 shares of the apparel retailer’s stock valued at $764,000 after purchasing an additional 2,065 shares during the period. Institutional investors own 81.01% of the company’s stock.
Lululemon Athletica Company Profile
lululemon athletica inc., 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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