Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by analysts at UBS Group from $210.00 to $230.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s target price would indicate a potential upside of 3.36% from the company’s previous close.
Several other research analysts have also recently weighed in on LULU. Bank of America increased their price objective on Lululemon Athletica from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. MKM Partners raised their price target on shares of Lululemon Athletica from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James assumed coverage on shares of Lululemon Athletica in a report on Tuesday, November 5th. They issued a “strong-buy” rating and a $275.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on shares of Lululemon Athletica from $175.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Thirteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $216.48.
Shares of LULU stock traded down $3.02 during trading on Tuesday, reaching $222.52. 769,545 shares of the company’s stock were exchanged, compared to its average volume of 1,599,683. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $229.65. The firm’s fifty day moving average price is $210.35 and its 200-day moving average price is $190.28. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $29.40 billion, a PE ratio of 57.95, a PEG ratio of 2.62 and a beta of 0.66.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million for the quarter, compared to the consensus estimate of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, analysts anticipate that Lululemon Athletica will post 4.74 EPS for the current fiscal year.
In related news, Director Dennis J. Wilson sold 99,133 shares of Lululemon Athletica stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the sale, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $777,295.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $754,760.88. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Virtus ETF Advisers LLC acquired a new position in shares of Lululemon Athletica during the second quarter worth $27,000. Venturi Wealth Management LLC purchased a new position in Lululemon Athletica during the third quarter worth about $29,000. Golden State Wealth Management LLC boosted its stake in Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after buying an additional 70 shares during the period. Motco acquired a new stake in shares of Lululemon Athletica during the second quarter valued at about $38,000. Finally, West Oak Capital LLC increased its position in shares of Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 75 shares during the last quarter. 79.81% of the stock is owned by institutional investors and hedge funds.
About Lululemon Athletica
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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