Lululemon Athletica’s (LULU) Buy Rating Reaffirmed at Wells Fargo & Co.
Several other brokerages also recently weighed in on LULU. Zacks Investment Research downgraded shares of Lululemon Athletica from a hold rating to a sell rating in a report on Wednesday, August 24th. KeyCorp lifted their price target on shares of Lululemon Athletica from $85.00 to $89.00 and gave the company an overweight rating in a report on Thursday, August 11th. Telsey Advisory Group lifted their price target on shares of Lululemon Athletica from $82.00 to $92.00 and gave the company an outperform rating in a report on Monday, August 15th. Jefferies Group reaffirmed a buy rating on shares of Lululemon Athletica in a report on Monday, August 1st. Finally, Credit Suisse Group AG reaffirmed an outperform rating and set a $76.00 price target on shares of Lululemon Athletica in a report on Monday, August 29th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average target price of $71.86.
Shares of Lululemon Athletica (NASDAQ:LULU) traded down 0.7975% during midday trading on Thursday, hitting $58.0533. 1,092,480 shares of the stock were exchanged. The firm has a 50-day moving average of $68.94 and a 200-day moving average of $69.33. Lululemon Athletica has a 1-year low of $43.14 and a 1-year high of $81.81. The company has a market capitalization of $7.96 billion, a P/E ratio of 29.7862 and a beta of 0.60.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $514.52 million for the quarter. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. On average, equities analysts expect that Lululemon Athletica will post $2.12 EPS for the current year.
A number of institutional investors have recently made changes to their positions in LULU. Legal & General Group Plc increased its position in shares of Lululemon Athletica by 2.5% in the first quarter. Legal & General Group Plc now owns 403,261 shares of the apparel retailer’s stock worth $27,305,000 after buying an additional 9,987 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lululemon Athletica by 9.2% in the first quarter. Geode Capital Management LLC now owns 765,820 shares of the apparel retailer’s stock worth $51,825,000 after buying an additional 64,523 shares in the last quarter. RS Investment Management Co. LLC purchased a new position in shares of Lululemon Athletica during the second quarter worth approximately $22,853,000. State Street Corp increased its position in shares of Lululemon Athletica by 3.7% in the first quarter. State Street Corp now owns 2,036,631 shares of the apparel retailer’s stock worth $137,900,000 after buying an additional 72,362 shares in the last quarter. Finally, HBK Investments L P purchased a new position in shares of Lululemon Athletica during the first quarter worth approximately $1,167,000. Institutional investors and hedge funds own 94.76% of the company’s stock.
About Lululemon Athletica
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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