Lululemon Athletica (NASDAQ:LULU) had its price target hoisted by Jefferies Financial Group from $175.00 to $200.00 in a report issued on Friday morning, The Fly reports. They currently have a hold rating on the apparel retailer’s stock. Jefferies Financial Group also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.08 EPS, FY2020 earnings at $4.70 EPS and FY2021 earnings at $5.60 EPS.

Other research analysts have also issued reports about the company. Argus raised their price target on Lululemon Athletica to $200.00 and gave the company a buy rating in a report on Thursday, July 11th. Royal Bank of Canada reaffirmed an equal weight rating on shares of Lululemon Athletica in a report on Friday, June 14th. Credit Suisse Group reaffirmed an outperform rating and issued a $235.00 price objective (up previously from $198.00) on shares of Lululemon Athletica in a report on Friday. Wedbush increased their target price on shares of Lululemon Athletica from $175.00 to $190.00 and gave the company a neutral rating in a research report on Friday. They noted that the move was a valuation call. Finally, Oppenheimer set a $225.00 target price on shares of Lululemon Athletica and gave the company a buy rating in a research note on Friday, August 30th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $203.79.

Shares of NASDAQ LULU opened at $194.39 on Friday. Lululemon Athletica has a 12-month low of $110.71 and a 12-month high of $204.44. The company has a market cap of $24.54 billion, a PE ratio of 50.62, a P/E/G ratio of 2.21 and a beta of 0.65. The stock has a 50 day simple moving average of $184.48 and a 200-day simple moving average of $172.81. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a return on equity of 40.25% and a net margin of 14.93%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. Sell-side analysts forecast that Lululemon Athletica will post 4.7 earnings per share for the current fiscal year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total value of $30,005,116.29. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $704,492.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Wilson sold 110,629 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders sold a total of 279,174 shares of company stock worth $51,070,314 over the last quarter. Insiders own 0.34% of the company’s stock.

Large investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Lululemon Athletica by 144.2% during the 1st quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after acquiring an additional 3,732,291 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth $211,310,000. BlackRock Inc. raised its position in shares of Lululemon Athletica by 16.8% during the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after purchasing an additional 990,207 shares during the period. Vanguard Group Inc. raised its position in shares of Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock worth $1,813,552,000 after purchasing an additional 519,269 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Lululemon Athletica by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after purchasing an additional 424,937 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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