Lululemon Athletica’s (LULU) “Buy” Rating Reaffirmed at Susquehanna Bancshares
Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating reissued by equities research analysts at Susquehanna Bancshares in a note issued to investors on Monday, TipRanks reports. They presently have a $360.00 price objective on the apparel retailer’s stock. Susquehanna Bancshares’ target price would suggest a potential upside of 15.38% from the company’s previous close.
A number of other equities analysts also recently commented on LULU. Oppenheimer boosted their price objective on Lululemon Athletica from $296.00 to $370.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. They noted that the move was a valuation call. BTIG Research lowered their price target on Lululemon Athletica from $364.00 to $345.00 and set a “buy” rating for the company in a report on Friday, June 12th. Stifel Nicolaus lowered their price target on Lululemon Athletica from $273.00 to $224.00 and set a “buy” rating for the company in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price target on Lululemon Athletica from $283.00 to $334.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Wells Fargo & Co downgraded Lululemon Athletica to a “hold” rating and set a $275.00 price target for the company. in a report on Monday, June 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $306.22.
Shares of Lululemon Athletica stock opened at $312.01 on Monday. Lululemon Athletica has a one year low of $128.85 and a one year high of $324.76. The company has a market cap of $37.70 billion, a PE ratio of 70.59, a P/E/G ratio of 3.61 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.69 and a current ratio of 2.68. The business has a 50-day simple moving average of $288.51 and a 200-day simple moving average of $238.44.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 135,836 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $220.86, for a total value of $30,000,738.96. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $850,752.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis J. Wilson sold 258,592 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $193.35, for a total value of $49,998,763.20. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $744,784.20. The disclosure for this sale can be found here. Insiders sold 483,883 shares of company stock valued at $99,999,851 in the last quarter. 0.32% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in LULU. Amundi Pioneer Asset Management Inc. raised its position in Lululemon Athletica by 6.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after acquiring an additional 4,589 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $297,000. Mid Atlantic Financial Management Inc. ADV grew its holdings in Lululemon Athletica by 5.9% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 4,549 shares of the apparel retailer’s stock valued at $1,054,000 after purchasing an additional 252 shares during the last quarter. Alphasimplex Group LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at $223,000. Finally, Piedmont Investment Advisors Inc. grew its holdings in Lululemon Athletica by 1.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,846 shares of the apparel retailer’s stock valued at $2,049,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 83.08% 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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