lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “outperform” rating reaffirmed by CIBC in a research report issued on Friday, July 14th. They currently have a $68.00 target price on the apparel retailer’s stock, up from their previous target price of $65.00. CIBC’s price target would suggest a potential upside of 8.75% from the company’s current price.
Several other equities research analysts also recently issued reports on LULU. UBS AG downgraded lululemon athletica inc. from a “positive” rating to a “neutral” rating in a research report on Thursday, March 30th. Barclays PLC set a $85.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Saturday, June 3rd. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, April 1st. Oppenheimer Holdings, Inc. set a $65.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, June 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $58.00 target price (down previously from $75.00) on shares of lululemon athletica inc. in a research note on Sunday, April 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have given a buy rating to the company. lululemon athletica inc. has a consensus rating of “Hold” and an average target price of $64.80.
Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 62.53 on Friday. The firm has a market capitalization of $8.55 billion, a PE ratio of 29.62 and a beta of 0.25. The stock has a 50 day moving average price of $58.80 and a 200-day moving average price of $58.53. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81.
lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Equities analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current year.
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In other news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.
A number of institutional investors have recently modified their holdings of LULU. BlackRock Inc. increased its position in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after buying an additional 5,040,109 shares in the last quarter. Janus Capital Management LLC increased its position in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock worth $91,706,000 after buying an additional 1,098,057 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of lululemon athletica inc. by 172.4% in the first quarter. Renaissance Technologies LLC now owns 1,197,100 shares of the apparel retailer’s stock worth $62,094,000 after buying an additional 757,600 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of lululemon athletica inc. during the second quarter worth approximately $27,809,000. Finally, Korea Investment CORP increased its position in shares of lululemon athletica inc. by 680.3% in the second quarter. Korea Investment CORP now owns 365,200 shares of the apparel retailer’s stock worth $21,791,000 after buying an additional 318,400 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.
lululemon athletica inc. 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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