BidaskClub Downgrades lululemon athletica inc. (LULU) to Hold
BidaskClub lowered shares of lululemon athletica inc. (NASDAQ:LULU) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
A number of other research firms have also recently commented on LULU. BMO Capital Markets set a $55.00 price objective on lululemon athletica inc. and gave the stock a hold rating in a research report on Tuesday, August 8th. Stifel Nicolaus cut lululemon athletica inc. from a buy rating to a hold rating and lifted their price objective for the stock from $60.00 to $66.00 in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reiterated an outperform rating and set a $67.00 price objective (up previously from $64.00) on shares of lululemon athletica inc. in a research report on Saturday, July 22nd. Zacks Investment Research cut lululemon athletica inc. from a buy rating to a hold rating in a research report on Thursday, July 27th. Finally, Vetr cut lululemon athletica inc. from a buy rating to a hold rating and set a $63.40 price objective for the company. in a research report on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $64.80.
Shares of lululemon athletica inc. (LULU) opened at 59.50 on Friday. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 28.19 and a beta of 0.25. The stock’s 50 day moving average is $60.19 and its 200-day moving average is $58.05. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Equities analysts anticipate that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.
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In other lululemon athletica inc. news, Director Glenn Murphy acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were bought at an average cost of $55.50 per share, for a total transaction of $5,550,000.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in lululemon athletica inc. by 3.1% in the second quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after buying an additional 233,035 shares in the last quarter. BlackRock Inc. increased its stake in lululemon athletica inc. by 4.4% in the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after buying an additional 228,068 shares in the last quarter. HS Management Partners LLC increased its stake in lululemon athletica inc. by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after buying an additional 741,200 shares in the last quarter. Janus Henderson Group PLC increased 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 valued at $156,010,000 after buying an additional 2,598,364 shares in the last quarter. Finally, Eaton Vance Management acquired a new stake in lululemon athletica inc. during the second quarter valued at about $126,967,000. Institutional investors own 80.64% of the company’s stock.
About lululemon athletica inc.
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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