Lululemon Athletica Inc. (LULU) Sees Unusually-High Trading Volume
Lululemon Athletica Inc. (NASDAQ:LULU) 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.
A number of research analysts have commented on LULU shares. Vetr downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating and set a $74.10 target price on the stock. in a research report on Monday, May 2nd. Cowen and Company reissued an “outperform” rating and set a $76.00 target price on shares of Lululemon Athletica in a research report on Thursday, May 5th. FBR & Co reissued an “underperform” rating and set a $40.00 target price on shares of Lululemon Athletica in a research report on Friday, May 6th. Bank of America Corp. reissued an “underperform” rating and set a $50.00 target price on shares of Lululemon Athletica in a research report on Monday, May 16th. Finally, Sterne Agee CRT reissued a “buy” rating on shares of Lululemon Athletica in a research report on Monday, May 16th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.85.
The stock has a market cap of $10.71 billion and a PE ratio of 41.48. The firm has a 50 day moving average price of $78.15 and a 200-day moving average price of $68.37.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, June 8th. The apparel retailer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by $0.01. The company earned $495.50 million during the quarter, compared to analysts’ expectations of $487.68 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica Inc. will post $2.15 EPS for the current fiscal year.
A number of institutional investors recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Lululemon Athletica by 116.9% in the fourth quarter. Bank of Montreal Can now owns 27,009 shares of the apparel retailer’s stock valued at $1,417,000 after buying an additional 14,557 shares during the period. State of New Jersey Common Pension Fund D raised its position 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. Finally, Advisors Asset Management Inc. raised its position 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.