Lululemon (NASDAQ:LULU)‘s stock had its “neutral” rating reiterated by equities research analysts at DA Davidson in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a $73.00 target price on the stock, down from their previous target price of $76.00. DA Davidson’s price target would indicate a potential upside of 11.81% from the company’s current price.
The analysts wrote, “LULU reported constant currency comps, revenue and EPS of 8%, $344.5 million and $0.39. This compares to consensus revenue and earnings of $343.9 million and $0.35 and our estimates of $344.1 million and $0.35. 2Q guidance called for comps of 5%-7%, revenue of $340-$345 million, and EPS of $0.33-$0.35. Store revenue climbed 18% year-over-year (y/y), Direct-to-consumer increased 39%, and Other revenue was up 34%. Gross margin decreased 113bp y/y to 54.0% largely due to the lower mix of black luon pants and a higher inventory reserve. SG&A grew 25% to $107.0 million, deleveraging ~70bp to 31% of sales.”
LULU has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus cut their price target on shares of Lululemon (NASDAQ:LULU) from $85.00 to $80.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Lululemon (NASDAQ:LULU) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Thursday.
Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.82.
Shares of Lululemon (NASDAQ:LULU) traded up 1.52% on Friday, hitting $66.28. The stock had a trading volume of 2,611,166 shares. Lululemon has a 52 week low of $59.60 and a 52 week high of $82.50. The stock has a 50-day moving average of $70.77 and a 200-day moving average of $70.24. The company has a market cap of $9.581 billion and a price-to-earnings ratio of 35.29. Lululemon also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 21,088 call options on the company. This is an increase of approximately 179% compared to the average volume of 7,545 call options.
Lululemon (NASDAQ:LULU) last released its earnings data on Thursday, September 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $344.50 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Lululemon will post $1.99 EPS for the current fiscal year.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.