BMO Capital Markets reaffirmed their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a report issued on Thursday, November 2nd. The firm currently has a $55.00 price objective on the apparel retailer’s stock.
A number of other equities analysts have also commented on the company. Canaccord Genuity set a $41.00 price target on lululemon athletica inc. and gave the company a sell rating in a research note on Tuesday, August 29th. Vetr raised lululemon athletica inc. from a buy rating to a strong-buy rating and set a $66.00 price objective for the company in a research note on Wednesday, August 30th. Nomura reaffirmed a buy rating and issued a $67.00 price objective (up from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Deutsche Bank AG reaffirmed a hold rating and issued a $59.00 price objective on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Citigroup Inc. raised lululemon athletica inc. from a neutral rating to a buy rating and lowered their price objective for the company from $61.50 to $60.09 in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $65.67.
lululemon athletica inc. (LULU) traded down $0.30 during midday trading on Thursday, hitting $66.58. The stock had a trading volume of 1,069,586 shares, compared to its average volume of 2,639,893. The company has a market capitalization of $9,050.00, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.15. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. research analysts forecast that lululemon athletica inc. will post 2.43 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in LULU. BlackRock Inc. lifted its holdings in 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 valued at $266,888,000 after acquiring an additional 5,040,109 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in lululemon athletica inc. by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares during the last quarter. Eaton Vance Management acquired a new position in lululemon athletica inc. in the second quarter valued at approximately $126,967,000. Lazard Asset Management LLC acquired a new position in lululemon athletica inc. in the second quarter valued at approximately $94,181,000. Finally, HS Management Partners LLC lifted its holdings in lululemon athletica inc. by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares during the last quarter. Hedge funds and other institutional investors own 79.69% 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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