Lululemon Athletica Inc. (NASDAQ:LULU) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.
Other research analysts have also issued research reports about the stock. Robert W. Baird restated an “outperform” rating on shares of Lululemon Athletica in a report on Tuesday, June 28th. Jefferies Group lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating and dropped their price objective for the company from $80.00 to $76.00 in a research note on Sunday, September 4th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $64.00 price objective on shares of Lululemon Athletica in a research note on Friday, September 2nd. Morgan Stanley reiterated an “overweight” rating and set a $74.00 price objective (up previously from $71.00) on shares of Lululemon Athletica in a research note on Thursday, June 9th. Finally, Cowen and Company reiterated an “outperform” rating and set a $80.00 price objective (up previously from $76.00) on shares of Lululemon Athletica in a research note on Thursday, June 9th. Six investment 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 given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.86.
Shares of Lululemon Athletica (NASDAQ:LULU) traded down 0.02% on Friday, hitting $60.98. 2,822,414 shares of the stock traded hands. The firm has a market cap of $8.36 billion, a P/E ratio of 31.29 and a beta of 0.65. The firm’s 50-day moving average is $71.25 and its 200 day moving average is $69.43. Lululemon Athletica has a 12-month low of $43.14 and a 12-month high of $81.81.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The firm had revenue of $514.52 million for the quarter. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica will post $2.12 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of LULU. BB&T Securities LLC acquired a new position in shares of Lululemon Athletica during the first quarter worth approximately $223,000. OMERS ADMINISTRATION Corp raised its position in shares of Lululemon Athletica by 114.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 15,000 shares of the apparel retailer’s stock worth $1,016,000 after buying an additional 8,000 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of 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 worth $84,504,000 after buying an additional 740,350 shares during the last quarter. Alpine Partners VI LLC purchased a new position in shares of Lululemon Athletica during the first quarter worth approximately $309,000. Finally, M&T Bank Corp raised its position in shares of Lululemon Athletica by 18.2% in the first quarter. M&T Bank Corp now owns 6,020 shares of the apparel retailer’s stock worth $407,000 after buying an additional 926 shares during the last quarter. Institutional investors own 94.76% of the company’s stock.
Lululemon Athletica Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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