Lululemon Athletica Inc. (LULU) Sees Unusually-High Trading Volume
Lululemon Athletica Inc. (NASDAQ:LULU) shares saw unusually-strong trading volume on Thursday . Approximately 936,097 shares changed hands during trading, a decline of 16% from the previous session’s volume of 1,110,303 shares.The stock last traded at $80.89 and had previously closed at $80.18.
Several research analysts have commented on LULU shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Lululemon Athletica in a report on Wednesday, June 1st. MKM Partners reaffirmed a “buy” rating and set a $77.00 target price on shares of Lululemon Athletica in a report on Wednesday, June 1st. Sterne Agee CRT reaffirmed a “buy” rating on shares of Lululemon Athletica in a report on Monday, May 16th. Vetr downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating and set a $74.10 target price on the stock. in a report on Monday, May 2nd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Lululemon Athletica in a report on Wednesday, June 8th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $71.55.
The stock has a 50 day moving average price of $78.06 and a 200 day moving average price of $68.22. The firm has a market cap of $11.04 billion and a P/E ratio of 42.75.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 8th. The apparel retailer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $495.50 million for the quarter, compared to the consensus estimate of $487.68 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post $2.15 EPS for the current fiscal year.
A number of large investors recently bought and sold shares of LULU. Jennison Associates LLC bought a new stake in Lululemon Athletica during the fourth quarter worth approximately $54,736,000. State of New Jersey Common Pension Fund D increased its stake in shares of Lululemon Athletica by 20.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 58,000 shares of the apparel retailer’s stock worth $3,043,000 after buying an additional 10,000 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Lululemon Athletica by 116.9% in the fourth quarter. Bank of Montreal Can now owns 27,009 shares of the apparel retailer’s stock worth $1,417,000 after buying an additional 14,557 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Lululemon Athletica by 21.3% in the fourth quarter. Advisors Asset Management Inc. now owns 22,604 shares of the apparel retailer’s stock worth $1,186,000 after buying an additional 3,968 shares during the last quarter.
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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