lululemon athletica inc.’s (NASDAQ:LULU) Outperform Rating Reiterated at Robert W. Baird
Robert W. Baird restated their outperform rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research note issued to investors on Monday morning. They currently have a $70.00 price objective on the apparel retailer’s stock.
A number of other brokerages have also commented on LULU. Stifel Nicolaus lowered their price objective on lululemon athletica inc. from $67.00 to $60.00 and set a hold rating on the stock in a report on Thursday, March 30th. Cowen and Company set a $64.00 price objective on lululemon athletica inc. and gave the company a buy rating in a report on Thursday, April 20th. Susquehanna Bancshares Inc reissued a neutral rating and set a $57.00 price objective (down previously from $82.00) on shares of lululemon athletica inc. in a report on Thursday, March 30th. Vetr lowered lululemon athletica inc. from a buy rating to a hold rating and set a $54.75 price objective on the stock. in a report on Wednesday, May 10th. Finally, Deutsche Bank AG reissued a hold rating and set a $59.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a report on Saturday, June 3rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the stock. lululemon athletica inc. presently has a consensus rating of Hold and an average price target of $64.53.
Shares of lululemon athletica inc. (NASDAQ LULU) opened at 59.33 on Monday. The stock’s 50 day moving average price is $51.98 and its 200-day moving average price is $59.64. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81. The stock has a market cap of $8.11 billion, a PE ratio of 28.11 and a beta of 0.24.
lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that lululemon athletica inc. will post $2.33 earnings per share for the current fiscal year.
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In related news, Director Glenn Murphy purchased 97,728 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now directly owns 100,344 shares in the company, valued at approximately $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. raised its position 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 worth $142,000 after buying an additional 121 shares in the last quarter. Rothschild Investment Corp IL raised its position in lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares in the last quarter. DnB Asset Management AS raised its position in lululemon athletica inc. by 14.7% in the first quarter. DnB Asset Management AS now owns 14,810 shares of the apparel retailer’s stock worth $768,000 after buying an additional 1,900 shares in the last quarter. Prospera Financial Services Inc acquired a new position in lululemon athletica inc. during the first quarter worth $210,000. Finally, Winslow Asset Management Inc. acquired a new position in lululemon athletica inc. during the first quarter worth $2,782,000. Institutional investors and hedge funds 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.
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