ValuEngine Lowers Lululemon Athletica (LULU) to Buy

ValuEngine lowered shares of Lululemon Athletica (NASDAQ:LULU) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

Several other analysts have also recently issued reports on the stock. BidaskClub cut shares of Lululemon Athletica from a buy rating to a hold rating in a research note on Tuesday, November 20th. Canaccord Genuity upgraded shares of Lululemon Athletica from a hold rating to a buy rating and increased their target price for the stock from $152.00 to $160.00 in a research note on Wednesday, October 24th. Wedbush raised shares of Lululemon Athletica from a neutral rating to an outperform rating and set a $176.00 price target on the stock in a report on Monday, October 15th. Robert W. Baird increased their price target on shares of Lululemon Athletica from $170.00 to $190.00 and gave the stock a positive rating in a report on Wednesday, October 3rd. Finally, MKM Partners set a $174.00 price target on shares of Lululemon Athletica and gave the stock a buy rating in a report on Tuesday, October 2nd. Fourteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $154.36.

NASDAQ LULU opened at $120.86 on Wednesday. Lululemon Athletica has a 1 year low of $65.30 and a 1 year high of $164.79. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 1.80 and a beta of 0.38.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $723.50 million for the quarter, compared to analysts’ expectations of $669.14 million. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities analysts anticipate that Lululemon Athletica will post 3.58 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in LULU. Banco de Sabadell S.A bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at $113,000. Synovus Financial Corp bought a new position in shares of Lululemon Athletica during the 2nd quarter valued at $127,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at $130,000. Parallel Advisors LLC grew its holdings in shares of Lululemon Athletica by 230.4% during the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after purchasing an additional 666 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at $161,000. 78.53% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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