lululemon athletica inc. (LULU) Given a $43.00 Price Target at Canaccord Genuity
Several other equities analysts have also recently commented on the company. SunTrust Banks, Inc. set a $69.00 price target on lululemon athletica inc. and gave the company a buy rating in a report on Monday. Needham & Company LLC set a $69.00 price target on lululemon athletica inc. and gave the company a buy rating in a report on Monday. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $68.00 price target on shares of lululemon athletica inc. in a report on Tuesday, October 10th. Robert W. Baird reaffirmed a buy rating and issued a $72.00 price target on shares of lululemon athletica inc. in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut lululemon athletica inc. from a buy rating to a hold rating in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $65.82.
Shares of lululemon athletica inc. (NASDAQ LULU) opened at 60.09 on Monday. The stock has a market capitalization of $8.14 billion, a P/E ratio of 29.00 and a beta of 0.20. The firm’s 50-day moving average price is $60.58 and its 200 day moving average price is $56.64. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. Analysts predict that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of lululemon athletica inc. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after purchasing an additional 233,035 shares during the period. BlackRock Inc. raised its stake in shares of lululemon athletica inc. by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after purchasing an additional 228,068 shares during the period. HS Management Partners LLC raised its stake in shares of lululemon athletica inc. by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after purchasing an additional 741,200 shares during the period. Janus Henderson Group PLC raised its stake in shares of lululemon athletica inc. by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares during the period. Finally, Eaton Vance Management acquired a new stake in shares of lululemon athletica inc. in the 2nd quarter valued at about $126,967,000. 80.34% of the stock is currently owned by hedge funds and other institutional investors.
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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