lululemon athletica inc.’s (NASDAQ:LULU) Outperform Rating Reiterated at Robert W. Baird
lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “outperform” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued to investors on Monday, July 10th. They currently have a $70.00 price target on the apparel retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 11.95% from the stock’s current price.
Other analysts have also recently issued reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $58.00 target price (down from $75.00) on shares of lululemon athletica inc. in a research note on Sunday, April 2nd. Berenberg Bank began coverage on shares of lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 target price for the company. Jefferies Group LLC set a $56.00 target price on shares of lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Finally, Stifel Nicolaus upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have issued a buy rating to the company. lululemon athletica inc. presently has a consensus rating of “Hold” and a consensus target price of $64.80.
lululemon athletica inc. (NASDAQ LULU) traded up 0.03% during mid-day trading on Monday, reaching $62.53. 1,386,241 shares of the company traded hands. The stock has a market capitalization of $8.55 billion, a PE ratio of 29.62 and a beta of 0.25. The stock has a 50-day moving average of $58.80 and a 200 day moving average of $58.53. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Equities research analysts expect that lululemon athletica inc. will post $2.34 earnings per share for the current year.
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In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was acquired at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the purchase, the director now owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in LULU. First Mercantile Trust Co. increased its position in lululemon athletica inc. by 4.0% in the first quarter. First Mercantile Trust Co. now owns 10,400 shares of the apparel retailer’s stock worth $539,000 after buying an additional 400 shares in the last quarter. DnB Asset Management AS increased 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. Teachers Advisors LLC increased its position in lululemon athletica inc. by 45.7% in the fourth quarter. Teachers Advisors LLC now owns 122,551 shares of the apparel retailer’s stock worth $7,965,000 after buying an additional 38,418 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in lululemon athletica inc. during the first quarter worth $285,000. Finally, Gulf International Bank UK Ltd increased its position in lululemon athletica inc. by 2.3% in the first quarter. Gulf International Bank UK Ltd now owns 35,127 shares of the apparel retailer’s stock worth $1,822,000 after buying an additional 780 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.
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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