lululemon athletica inc. (LULU) Rating Reiterated by Needham & Company LLC
lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday. They currently have a $67.00 target price on the apparel retailer’s stock. Needham & Company LLC’s price objective points to a potential upside of 8.63% from the stock’s current price.
Several other equities analysts also recently commented on the company. Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $54.75 price objective on the stock in a research note on Tuesday, May 16th. Zacks Investment Research downgraded lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Berenberg Bank initiated coverage on lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 price objective on the stock. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $51.00 price objective (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $66.13.
lululemon athletica inc. (NASDAQ:LULU) opened at 61.69 on Thursday. The stock’s 50 day moving average price is $60.47 and its 200-day moving average price is $57.49. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 29.22 and a beta of 0.23.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.91% and a net margin of 11.68%. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. lululemon athletica inc.’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that lululemon athletica inc. will post $2.35 earnings per share for the current fiscal year.
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In other news, Director Glenn Murphy bought 97,728 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company’s stock.
Several hedge funds have recently bought and sold shares of LULU. BlackRock Inc. raised its stake in lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after buying an additional 5,040,109 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of 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 during the period. Eaton Vance Management bought a new stake in shares of lululemon athletica inc. during the second quarter valued at approximately $126,967,000. Lazard Asset Management LLC bought a new stake in shares of lululemon athletica inc. during the second quarter valued at approximately $94,181,000. Finally, Janus Capital Management LLC raised its stake in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares during the period. Institutional investors own 79.56% 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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