Lululemon Athletica Inc. (LULU) Upgraded by Vetr Inc. to Strong-Buy
Vetr upgraded shares of Lululemon Athletica Inc. (NASDAQ:LULU) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.
Other research analysts also recently issued reports about the company. Sterne Agee CRT restated a buy rating and set a $75.00 target price on shares of Lululemon Athletica in a research note on Friday, June 3rd. SunTrust Banks Inc. boosted their target price on Lululemon Athletica from $79.00 to $83.00 and gave the stock a buy rating in a research note on Thursday, June 9th. Credit Suisse Group AG restated a buy rating on shares of Lululemon Athletica in a research note on Thursday, June 9th. Jefferies Group restated a buy rating on shares of Lululemon Athletica in a research note on Wednesday, June 8th. Finally, MKM Partners restated a buy rating on shares of Lululemon Athletica in a research note on Wednesday, June 15th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $71.86.
Lululemon Athletica (NASDAQ:LULU) opened at 60.80 on Friday. The firm has a 50-day moving average price of $71.25 and a 200-day moving average price of $69.43. Lululemon Athletica has a 12-month low of $43.14 and a 12-month high of $81.81. The company has a market cap of $8.33 billion, a P/E ratio of 31.20 and a beta of 0.61.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The business had revenue of $514.52 million for the quarter. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, analysts forecast that Lululemon Athletica will post $2.12 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. raised its position in Lululemon Athletica by 128.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock valued at $100,000 after buying an additional 765 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Lululemon Athletica by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock worth $100,000 after buying an additional 793 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Lululemon Athletica by 131.7% in the second quarter. Victory Capital Management Inc. now owns 1,536 shares of the apparel retailer’s stock worth $113,000 after buying an additional 873 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in shares of Lululemon Athletica during the second quarter worth approximately $118,000. Finally, Advisor Group Inc. purchased a new position in shares of Lululemon Athletica during the second quarter worth approximately $124,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
About Lululemon Athletica
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
Receive News & Stock Ratings for Lululemon Athletica Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica Inc. and related stocks with our FREE daily email newsletter.