lululemon athletica inc. (LULU) PT Set at $69.00 by Needham & Company LLC
lululemon athletica inc. (NASDAQ:LULU) has been assigned a $69.00 price objective by equities researchers at Needham & Company LLC in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s price target points to a potential upside of 17.09% from the company’s current price.
Several other analysts have also recently weighed in on LULU. Vetr cut lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 price target on the stock. in a report on Monday, June 19th. Cowen and Company reaffirmed an “outperform” rating and issued a $64.00 price target on shares of lululemon athletica inc. in a report on Wednesday, June 21st. BidaskClub raised lululemon athletica inc. from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. BMO Capital Markets set a $55.00 price target on lululemon athletica inc. and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $64.00 price target on shares of lululemon athletica inc. in a report on Friday, July 7th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.82.
lululemon athletica inc. (LULU) opened at 58.93 on Monday. The firm has a 50-day moving average price of $60.57 and a 200-day moving average price of $56.49. 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 $7.98 billion, a PE ratio of 28.44 and a beta of 0.20.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that lululemon athletica inc. will post $2.41 EPS for the current year.
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A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in lululemon athletica inc. by 3.1% during 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 during the last quarter. BlackRock Inc. raised its stake in lululemon athletica inc. by 4.4% during 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 during the last quarter. HS Management Partners LLC raised its stake in lululemon athletica inc. by 36.4% during 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 during the last quarter. Janus Henderson Group PLC raised its stake in lululemon athletica inc. by 16,053.2% during 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 last quarter. Finally, Eaton Vance Management purchased a new position in lululemon athletica inc. during the second quarter valued at $126,967,000. Institutional investors and hedge funds own 80.34% 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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