lululemon athletica inc. (LULU) Receives $63.35 Average PT from Brokerages
Shares of lululemon athletica inc. (NASDAQ:LULU) have been assigned an average rating of “Hold” from the forty-one brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $63.35.
A number of research analysts recently weighed in on LULU shares. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the company a “buy” rating in a research report on Thursday, April 20th. Vetr lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price target on the stock. in a research report on Wednesday, May 10th. Jefferies Group LLC reissued a “hold” rating and set a $56.00 price target on shares of lululemon athletica inc. in a research report on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a research report on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $58.00 price objective (up previously from $56.00) on shares of lululemon athletica inc. in a research report on Friday, June 2nd.
Shares of lululemon athletica inc. (NASDAQ LULU) traded up 0.28% during midday trading on Friday, hitting $59.93. 1,594,301 shares of the stock were exchanged. The firm’s 50 day moving average is $59.95 and its 200-day moving average is $58.31. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 28.39 and a beta of 0.25.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, analysts predict that lululemon athletica inc. will post $2.34 EPS for the current year.
In other news, Director Glenn Murphy purchased 97,728 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd purchased a new stake in lululemon athletica inc. during the second quarter worth approximately $3,363,000. State Street Corp raised its stake in lululemon athletica inc. by 0.8% in the second quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock worth $126,101,000 after buying an additional 16,821 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in lululemon athletica inc. during the second quarter worth approximately $529,000. Janus Henderson Group PLC raised its stake in lululemon athletica inc. by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares in the last quarter. Finally, Samlyn Capital LLC purchased a new stake in lululemon athletica inc. during the second quarter worth approximately $6,305,000. Institutional investors own 80.64% of the company’s stock.
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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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