Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $247.00 at Deutsche Bank
Lululemon Athletica (NASDAQ:LULU) had its price target lifted by Deutsche Bank from $216.00 to $247.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a buy rating on the apparel retailer’s stock.
Other analysts also recently issued reports about the company. Raymond James started coverage on Lululemon Athletica in a research report on Tuesday, November 5th. They set a strong-buy rating and a $275.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $200.00 to $230.00 and gave the company an overweight rating in a report on Friday, September 6th. Morgan Stanley raised their price target on Lululemon Athletica from $163.00 to $169.00 and gave the company an equal weight rating in a research report on Friday, September 6th. Oppenheimer lifted their price target on Lululemon Athletica from $225.00 to $260.00 and gave the stock an outperform rating in a research note on Tuesday. Finally, Telsey Advisory Group lifted their price target on Lululemon Athletica from $205.00 to $220.00 and gave the stock an outperform rating in a research note on Friday, September 6th. Thirteen analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $219.45.
Shares of LULU stock traded down $1.41 during midday trading on Friday, reaching $229.38. 1,905,043 shares of the company traded hands, compared to its average volume of 1,988,962. The firm’s 50 day simple moving average is $212.31 and its two-hundred day simple moving average is $191.34. The firm has a market cap of $29.88 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. Lululemon Athletica has a 1-year low of $110.71 and a 1-year high of $233.12.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $754,760.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after buying an additional 519,269 shares during the period. Jennison Associates LLC grew its stake in Lululemon Athletica by 39.6% in the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock worth $1,590,443,000 after acquiring an additional 2,504,324 shares during the period. BlackRock Inc. grew its stake in Lululemon Athletica by 16.8% in the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after acquiring an additional 990,207 shares during the period. Invesco Ltd. raised its holdings in Lululemon Athletica by 31.2% in the 2nd quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock valued at $315,490,000 after acquiring an additional 416,753 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Lululemon Athletica in the 2nd quarter valued at $211,310,000. Institutional investors and hedge funds own 79.81% of the company’s stock.
Lululemon Athletica Company Profile
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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