KeyCorp Reaffirms “Hold” Rating for lululemon athletica (LULU)
KeyCorp restated their hold rating on shares of lululemon athletica (NASDAQ:LULU) in a research report sent to investors on Thursday morning. KeyCorp also issued estimates for lululemon athletica’s Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $2.48 EPS, Q1 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $2.72 EPS.
A number of other equities analysts also recently commented on LULU. Vetr upgraded shares of lululemon athletica from a hold rating to a buy rating and set a $63.40 price objective for the company in a research note on Thursday, August 10th. BidaskClub downgraded shares of lululemon athletica from a buy rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of lululemon athletica from a buy rating to a hold rating in a research note on Wednesday, August 16th. Bank of America upgraded shares of lululemon athletica from an underperform rating to a buy rating and increased their price objective for the stock from $48.00 to $70.00 in a research note on Monday, August 21st. Finally, Cowen set a $67.00 price objective on shares of lululemon athletica and gave the stock a buy rating in a research note on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica has a consensus rating of Hold and a consensus price target of $69.87.
lululemon athletica (NASDAQ:LULU) traded up $1.76 during mid-day trading on Thursday, reaching $73.77. The company’s stock had a trading volume of 3,176,196 shares, compared to its average volume of 1,962,165. The company has a market cap of $9,987.06, a PE ratio of 32.50, a PEG ratio of 2.69 and a beta of 0.19. lululemon athletica has a 52-week low of $47.26 and a 52-week high of $74.03.
lululemon athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The firm had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a return on equity of 22.52% and a net margin of 10.96%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. research analysts anticipate that lululemon athletica will post 2.48 earnings per share for the current year.
lululemon athletica declared that its board has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC raised its holdings in lululemon athletica by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares during the period. Zions Bancorporation raised its holdings in lululemon athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 1,356 shares during the period. Global X Management Co. LLC raised its holdings in lululemon athletica by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after acquiring an additional 719 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in lululemon athletica in the 3rd quarter valued at about $156,000. Finally, Oakbrook Investments LLC bought a new position in lululemon athletica in the 3rd quarter valued at about $202,000. 79.45% of the stock is currently owned by hedge funds and other institutional investors.
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lululemon athletica Company Profile
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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