Lululemon Athletica (LULU) Stock Rating Reaffirmed by B. Riley
B. Riley reiterated their hold rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research note published on Tuesday morning. The brokerage currently has a $70.00 price objective on the apparel retailer’s stock. B. Riley also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $2.51 EPS, Q1 2019 earnings at $0.36 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $1.48 EPS and FY2019 earnings at $2.87 EPS.
Several other research firms also recently commented on LULU. Needham & Company LLC set a $69.00 price objective on shares of Lululemon Athletica and gave the company a buy rating in a report on Monday, October 16th. Citigroup upped their price objective on shares of Lululemon Athletica to $78.00 and gave the company a buy rating in a report on Thursday, December 7th. Royal Bank of Canada reaffirmed a buy rating and issued a $77.00 price objective on shares of Lululemon Athletica in a report on Friday, December 8th. Stifel Nicolaus upped their price objective on shares of Lululemon Athletica from $66.00 to $75.00 and gave the company a hold rating in a report on Thursday, December 7th. Finally, BidaskClub raised shares of Lululemon Athletica from a hold rating to a buy rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $72.95.
Lululemon Athletica (NASDAQ:LULU) traded down $0.15 during mid-day trading on Tuesday, hitting $78.84. 1,223,400 shares of the stock traded hands, compared to its average volume of 2,090,000. The stock has a market cap of $10,670.00, a P/E ratio of 39.22, a P/E/G ratio of 2.51 and a beta of 0.19. Lululemon Athletica has a fifty-two week low of $47.26 and a fifty-two week high of $81.92.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. analysts predict that Lululemon Athletica will post 2.48 earnings per share for the current year.
Lululemon Athletica declared that its board has authorized a share buyback program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the apparel retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently bought and sold shares of the business. Winslow Asset Management Inc. raised its position in Lululemon Athletica by 2.3% during the fourth quarter. Winslow Asset Management Inc. now owns 112,202 shares of the apparel retailer’s stock worth $8,818,000 after acquiring an additional 2,570 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $489,000. Piedmont Investment Advisors LLC acquired a new position in Lululemon Athletica during the third quarter worth $1,197,000. California Public Employees Retirement System raised its position in Lululemon Athletica by 0.8% during the third quarter. California Public Employees Retirement System now owns 216,882 shares of the apparel retailer’s stock worth $13,501,000 after acquiring an additional 1,782 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Lululemon Athletica by 152.5% during the third quarter. Cubist Systematic Strategies LLC now owns 19,331 shares of the apparel retailer’s stock worth $1,203,000 after acquiring an additional 11,676 shares during the period. Institutional investors own 79.31% of the company’s stock.
About Lululemon Athletica
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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