Shares of Lululemon Athletica inc. (NASDAQ:LULU) have received a consensus rating of “Buy” from the thirty-eight analysts that are currently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $156.44.
A number of research analysts recently issued reports on LULU shares. MKM Partners set a $150.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research report on Friday, August 24th. Bank of America boosted their target price on shares of Lululemon Athletica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 24th. BidaskClub downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Deutsche Bank boosted their target price on shares of Lululemon Athletica from $137.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, Argus upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, August 16th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwest Wealth Management LLC bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth $125,000. Synovus Financial Corp bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth $127,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth $130,000. Parallel Advisors LLC grew its stake in shares of Lululemon Athletica by 230.4% in the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock worth $155,000 after acquiring an additional 666 shares in the last quarter. Finally, Smithfield Trust Co. grew its stake in shares of Lululemon Athletica by 247.8% in the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock worth $160,000 after acquiring an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. The company had revenue of $723.50 million for the quarter, compared to the consensus estimate of $669.14 million. During the same quarter in the previous year, the company earned $0.39 EPS. On average, analysts anticipate that Lululemon Athletica will post 3.58 earnings per share for the current fiscal year.
About Lululemon Athletica
lululemon athletica inc., an athletic apparel company, 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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