Lululemon Athletica inc. (NASDAQ:LULU) – Analysts at Wedbush increased their Q3 2021 earnings per share estimates for Lululemon Athletica in a report issued on Wednesday, September 2nd. Wedbush analyst J. Redding now forecasts that the apparel retailer will post earnings of $1.09 per share for the quarter, up from their previous estimate of $1.03. Wedbush has a “Neutral” rating and a $380.00 price target on the stock.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $651.96 million during the quarter, compared to the consensus estimate of $695.98 million. Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The firm’s revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share.
Several other research analysts have also recently weighed in on LULU. BTIG Research increased their price target on shares of Lululemon Athletica from $345.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. BidaskClub upgraded shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Susquehanna Bancshares increased their target price on shares of Lululemon Athletica from $360.00 to $426.00 and gave the stock a “positive” rating in a research report on Monday, August 24th. William Blair restated a “buy” rating on shares of Lululemon Athletica in a research report on Thursday, May 28th. Finally, BNP Paribas lowered shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating and set a $352.00 target price on the stock. in a research report on Thursday, August 27th. Fourteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $329.67.
Lululemon Athletica stock opened at $398.29 on Thursday. The stock has a market cap of $50.93 billion, a P/E ratio of 88.50, a P/E/G ratio of 5.04 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.35. Lululemon Athletica has a twelve month low of $128.85 and a twelve month high of $399.90. The company’s 50-day moving average price is $343.07 and its two-hundred day moving average price is $270.21.
In related news, EVP Celeste Burgoyne sold 4,723 shares of Lululemon Athletica stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $304.52, for a total transaction of $1,438,247.96. Following the completion of the transaction, the executive vice president now owns 6,780 shares of the company’s stock, valued at $2,064,645.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Sun Choe sold 4,744 shares of Lululemon Athletica stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the transaction, the insider now directly owns 10,370 shares of the company’s stock, valued at approximately $3,236,995.50. The disclosure for this sale can be found here. Insiders have sold 9,835 shares of company stock valued at $3,034,021 in the last ninety days. Insiders own 0.32% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in LULU. Bridgeway Capital Management Inc. raised its holdings in Lululemon Athletica by 14.8% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 20,200 shares of the apparel retailer’s stock valued at $6,303,000 after acquiring an additional 2,600 shares during the period. Toronto Dominion Bank raised its holdings in Lululemon Athletica by 30.9% in the 2nd quarter. Toronto Dominion Bank now owns 20,151 shares of the apparel retailer’s stock valued at $6,288,000 after acquiring an additional 4,761 shares during the period. PNC Financial Services Group Inc. raised its holdings in Lululemon Athletica by 23.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,278 shares of the apparel retailer’s stock valued at $3,831,000 after acquiring an additional 2,304 shares during the period. Advisor OS LLC bought a new position in Lululemon Athletica in the 2nd quarter valued at about $612,000. Finally, AdvisorNet Financial Inc raised its holdings in Lululemon Athletica by 2,608.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 9,343 shares of the apparel retailer’s stock valued at $2,915,000 after acquiring an additional 8,998 shares during the period. 83.33% of the stock is 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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