lululemon athletica inc. (NASDAQ:LULU) Given Average Recommendation of “Hold” by Analysts
Shares of lululemon athletica inc. (NASDAQ:LULU) have been given an average recommendation of “Hold” by the forty-one brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $63.35.
A number of equities analysts have commented on the company. BMO Capital Markets set a $55.00 price objective on lululemon athletica inc. and gave the stock a “hold” rating in a research note on Tuesday. Stifel Nicolaus lowered lululemon athletica inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reiterated an “outperform” rating and issued a $67.00 price target (up previously from $64.00) on shares of lululemon athletica inc. in a research note on Saturday, July 22nd. Zacks Investment Research lowered lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Vetr lowered lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $63.40 price target on the stock. in a research note on Wednesday, July 19th.
In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company’s stock.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of lululemon athletica inc. by 3.7% in the first quarter. Vanguard Group Inc. now owns 7,617,031 shares of the apparel retailer’s stock worth $395,095,000 after buying an additional 269,847 shares during the period. BlackRock Inc. increased its stake in shares of lululemon athletica inc. by 4.4% in the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after buying an additional 228,068 shares during the period. Eaton Vance Management acquired a new stake in shares of lululemon athletica inc. during the second quarter worth about $126,967,000. State Street Corp increased its stake in shares of lululemon athletica inc. by 3.2% in the first quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock worth $108,737,000 after buying an additional 65,889 shares during the period. Finally, HS Management Partners LLC increased its stake in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock worth $105,518,000 after buying an additional 309,212 shares during the period. Institutional investors own 80.15% of the company’s stock.
Shares of lululemon athletica inc. (LULU) opened at 60.25 on Friday. The company has a market capitalization of $8.24 billion, a PE ratio of 28.54 and a beta of 0.25. The firm has a 50-day moving average price of $59.79 and a 200-day moving average price of $58.36. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The firm had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. During the same quarter last year, the company earned $0.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that lululemon athletica inc. will post $2.34 EPS for the current year.
About lululemon athletica inc.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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