Lululemon Athletica (NASDAQ:LULU) had its price objective upped by Deutsche Bank from $216.00 to $247.00 in a research report released on Friday morning, The Fly reports. Deutsche Bank currently has a buy rating on the apparel retailer’s stock.
A number of other research analysts also recently issued reports on the company. Stifel Nicolaus set a $238.00 price target on Lululemon Athletica and gave the company a buy rating in a report on Friday, September 6th. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $220.00 to $250.00 and gave the stock an outperform rating in a research note on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on shares of Lululemon Athletica from $175.00 to $200.00 and gave the stock a hold rating in a research note on Friday, September 6th. Citigroup lowered shares of Lululemon Athletica from a buy rating to a neutral rating and set a $205.00 target price for the company. in a report on Monday, October 28th. Finally, Wells Fargo & Co boosted their target price on shares of Lululemon Athletica from $210.00 to $230.00 and gave the company an outperform rating in a research note on Monday, November 4th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Lululemon Athletica has a consensus rating of Buy and an average price target of $219.45.
Shares of LULU stock opened at $229.38 on Friday. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $233.12. 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 cap of $29.88 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. The business has a 50-day simple moving average of $212.31 and a 200-day simple moving average of $191.34.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. Lululemon Athletica’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. Sell-side analysts anticipate that Lululemon Athletica will post 4.74 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Next Capital Management LLC raised its position in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 59 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Lululemon Athletica by 35.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 68 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 70 shares in the last quarter. Advantage Investment Management LLC boosted its holdings in Lululemon Athletica by 9.4% in the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock worth $153,000 after buying an additional 73 shares during the last quarter. Finally, West Oak Capital LLC boosted its holdings in Lululemon Athletica by 60.0% in the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after buying an additional 75 shares during the last quarter. 79.84% of the stock is currently owned by institutional investors and hedge funds.
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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