BidaskClub upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday, BidAskClub reports.
A number of other equities analysts have also recently issued reports on the company. William Blair reiterated a buy rating on shares of Lululemon Athletica in a report on Thursday, May 28th. Deutsche Bank initiated coverage on Lululemon Athletica in a research note on Friday, July 17th. They set a hold rating on the stock. Robert W. Baird raised their price objective on Lululemon Athletica from $330.00 to $340.00 and gave the company an outperform rating in a research note on Thursday, July 2nd. Zacks Investment Research cut Lululemon Athletica from a buy rating to a hold rating and set a $320.00 price objective on the stock. in a research note on Tuesday, June 23rd. Finally, Needham & Company LLC initiated coverage on Lululemon Athletica in a research note on Tuesday, June 30th. They set a buy rating and a $345.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica currently has a consensus rating of Buy and a consensus price target of $308.97.
Shares of LULU opened at $358.78 on Tuesday. Lululemon Athletica has a 12-month low of $128.85 and a 12-month high of $360.77. The business’s fifty day moving average is $323.65 and its 200 day moving average is $260.56. The company has a quick ratio of 1.69, a current ratio of 2.68 and a debt-to-equity ratio of 0.35. The stock has a market cap of $45.46 billion, a P/E ratio of 81.17, a P/E/G ratio of 4.35 and a beta of 1.07.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Lululemon Athletica had a return on equity of 33.27% and a net margin of 15.01%. The firm had revenue of $651.96 million during the quarter, compared to the consensus estimate of $695.98 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. Lululemon Athletica’s revenue for the quarter was down 16.7% on a year-over-year basis. On average, analysts expect that Lululemon Athletica will post 4.38 EPS for the current year.
In other news, insider Michelle Sun Choe sold 4,744 shares of the business’s stock in a transaction that occurred 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 $3,236,995.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Celeste Burgoyne sold 368 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $312.32, for a total value of $114,933.76. Following the completion of the sale, the executive vice president now directly owns 15,773 shares in the company, valued at $4,926,223.36. The disclosure for this sale can be found here. Insiders have sold 9,835 shares of company stock worth $3,034,021 over the last three months. Insiders own 0.32% of the company’s stock.
A number of hedge funds have recently modified their holdings of LULU. Sandy Spring Bank grew its stake in Lululemon Athletica by 200.0% in the first quarter. Sandy Spring Bank now owns 150 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. grew its stake in Lululemon Athletica by 100.0% in the second quarter. First Horizon Advisors Inc. now owns 94 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 47 shares during the period. 1776 Wealth LLC grew its stake in Lululemon Athletica by 52.5% in the first quarter. 1776 Wealth LLC now owns 154 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 53 shares during the period. Capital Analysts LLC bought a new stake in Lululemon Athletica in the second quarter worth $31,000. Finally, Golden State Wealth Management LLC bought a new stake in Lululemon Athletica in the first quarter worth $33,000. 83.06% of the stock is currently owned by institutional investors.
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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