Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating reissued by Bank of America in a report released on Monday, BenzingaRatingsTable reports. They presently have a $268.00 target price on the apparel retailer’s stock, up from their previous target price of $230.00. Bank of America‘s target price would indicate a potential upside of 16.84% from the company’s previous close.
Several other research analysts have also issued reports on LULU. JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Wedbush lifted their price objective on Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 6th. They noted that the move was a valuation call. Cowen upped their price objective on Lululemon Athletica from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Oppenheimer increased their target price on Lululemon Athletica from $225.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $235.00 target price (up from $198.00) on shares of Lululemon Athletica in a report on Friday, September 6th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica presently has an average rating of “Buy” and a consensus price target of $220.76.
Shares of LULU stock opened at $229.38 on Monday. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $233.12. The stock has a market cap of $29.88 billion, a price-to-earnings ratio of 59.73, a P/E/G ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The firm has a fifty day moving average of $212.31 and a 200-day moving average of $191.34.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. The business had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. On average, sell-side analysts predict that Lululemon Athletica will post 4.74 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in LULU. Jennison Associates LLC raised its holdings in shares of Lululemon Athletica by 39.6% in the second quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after buying an additional 2,504,324 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Lululemon Athletica during the second quarter valued at approximately $211,310,000. BlackRock Inc. grew its stake in shares of Lululemon Athletica by 16.8% during the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after purchasing an additional 990,207 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Lululemon Athletica by 5.4% in the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after purchasing an additional 519,269 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Lululemon Athletica by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after purchasing an additional 424,937 shares in the last quarter. Institutional investors own 79.84% 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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