lululemon athletica inc. (NASDAQ:LULU) Given a $55.00 Price Target by BMO Capital Markets Analysts
BMO Capital Markets set a $55.00 price target on lululemon athletica inc. (NASDAQ:LULU) in a research report report published on Thursday. The brokerage currently has a hold rating on the apparel retailer’s stock.
A number of other equities research analysts also recently weighed in on LULU. Canaccord Genuity reiterated a sell rating and set a $45.00 price target (down previously from $47.00) on shares of lululemon athletica inc. in a research note on Saturday, March 11th. Oppenheimer Holdings, Inc. set a $75.00 price objective on lululemon athletica inc. and gave the company a buy rating in a report on Sunday, March 12th. Zacks Investment Research cut lululemon athletica inc. from a buy rating to a hold rating in a report on Tuesday, March 14th. MKM Partners reissued a buy rating and set a $90.00 price objective on shares of lululemon athletica inc. in a report on Sunday, March 19th. Finally, Royal Bank Of Canada set a $80.00 price objective on lululemon athletica inc. and gave the company a buy rating in a report on Monday, March 20th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company’s stock. lululemon athletica inc. has a consensus rating of Hold and a consensus price target of $64.53.
Shares of lululemon athletica inc. (LULU) opened at 58.78 on Thursday. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81. The firm’s 50 day moving average is $51.98 and its 200-day moving average is $59.64. The firm has a market capitalization of $8.04 billion, a PE ratio of 27.84 and a beta of 0.24.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The firm had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/07/12/lululemon-athletica-inc-nasdaqlulu-given-a-55-00-price-target-by-bmo-capital-markets-analysts.html.
In other news, Director Glenn Murphy bought 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LULU. Mn Services Vermogensbeheer B.V. boosted its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares in the last quarter. Suntrust Banks Inc. bought a new stake in shares of lululemon athletica inc. during the first quarter worth about $206,000. Prospera Financial Services Inc bought a new stake in shares of lululemon athletica inc. during the first quarter worth about $210,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of lululemon athletica inc. by 80.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock worth $226,000 after buying an additional 1,948 shares in the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.
lululemon athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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.