lululemon athletica’s (LULU) “Buy” Rating Reaffirmed at Susquehanna Bancshares
lululemon athletica (NASDAQ:LULU)‘s stock had its “buy” rating reaffirmed by Susquehanna Bancshares in a research report issued on Thursday. They presently have a $85.00 target price on the apparel retailer’s stock. Susquehanna Bancshares’ target price indicates a potential upside of 14.57% from the stock’s previous close.
LULU has been the topic of a number of other research reports. Canaccord Genuity set a $41.00 price target on lululemon athletica and gave the stock a “sell” rating in a research note on Tuesday, August 29th. BMO Capital Markets restated a “hold” rating and set a $55.00 price objective on shares of lululemon athletica in a report on Thursday, November 2nd. Zacks Investment Research downgraded lululemon athletica from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cowen restated an “outperform” rating and set a $68.00 price objective (up from $67.00) on shares of lululemon athletica in a report on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and set a $72.00 price objective on shares of lululemon athletica in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $70.18.
Shares of lululemon athletica (NASDAQ:LULU) traded down $0.12 during trading on Thursday, hitting $74.19. The company’s stock had a trading volume of 934,500 shares, compared to its average volume of 2,630,068. lululemon athletica has a one year low of $47.26 and a one year high of $74.99. The stock has a market cap of $10,060.16, a price-to-earnings ratio of 32.74, a PEG ratio of 2.43 and a beta of 0.19.
lululemon athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently made changes to their positions in LULU. Vanguard Group Inc. grew its stake in shares of lululemon athletica 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 acquiring an additional 233,035 shares in the last quarter. BlackRock Inc. grew its stake in shares of lululemon athletica 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 acquiring an additional 228,068 shares in the last quarter. HS Management Partners LLC grew its stake in shares of lululemon athletica 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 acquiring an additional 741,200 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of lululemon athletica 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 acquiring an additional 2,598,364 shares in the last quarter. Finally, Eaton Vance Management acquired a new stake in shares of lululemon athletica during the second quarter valued at about $126,967,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.
WARNING: “lululemon athletica’s (LULU) “Buy” Rating Reaffirmed at Susquehanna Bancshares” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/14/lululemon-athleticas-lulu-buy-rating-reaffirmed-at-susquehanna-bancshares.html.
lululemon athletica 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.
Receive News & Stock Ratings for lululemon athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica and related stocks with our FREE daily email newsletter.