Lululemon Athletica Inc. (NASDAQ:LULU) had its target price lowered by Goldman Sachs Group Inc. from $48.00 to $46.00 in a research report sent to investors on Thursday morning. The firm currently has a sell rating on the apparel retailer’s stock.
A number of other equities analysts have also weighed in on the company. Telsey Advisory Group boosted their price objective on Lululemon Athletica from $82.00 to $92.00 and gave the stock an outperform rating in a research note on Monday, August 15th. Zacks Investment Research lowered Lululemon Athletica from a hold rating to a sell rating in a research note on Wednesday, August 24th. Oppenheimer Holdings Inc. reissued an outperform rating and set a $90.00 price objective on shares of Lululemon Athletica in a research note on Friday, August 26th. Cowen and Company reissued an outperform rating and set a $80.00 price objective on shares of Lululemon Athletica in a research note on Friday, September 2nd. Finally, Piper Jaffray Cos. raised Lululemon Athletica from a hold rating to a buy rating in a research note on Friday, September 9th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $71.86.
Lululemon Athletica (NASDAQ:LULU) opened at 60.30 on Thursday. The stock’s 50 day moving average price is $70.70 and its 200-day moving average price is $69.51. The company has a market capitalization of $8.26 billion, a P/E ratio of 30.94 and a beta of 0.61. Lululemon Athletica has a 52-week low of $43.14 and a 52-week high of $81.81.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The firm earned $514.52 million during the quarter. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Analysts predict that Lululemon Athletica will post $2.12 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in Lululemon Athletica by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock valued at $460,496,000 after buying an additional 5,510,939 shares during the last quarter. Lone Pine Capital LLC increased its position in Lululemon Athletica by 42.9% in the second quarter. Lone Pine Capital LLC now owns 7,410,304 shares of the apparel retailer’s stock valued at $547,325,000 after buying an additional 2,224,220 shares during the last quarter. Norges Bank bought a new position in Lululemon Athletica during the fourth quarter valued at $47,695,000. 1832 Asset Management L.P. increased its position in Lululemon Athletica by 296,140.0% in the first quarter. 1832 Asset Management L.P. now owns 740,600 shares of the apparel retailer’s stock valued at $84,504,000 after buying an additional 740,350 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Lululemon Athletica during the second quarter valued at $39,857,000. 94.76% of the stock is owned by institutional investors.
About Lululemon Athletica
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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