Lululemon Athletica (NASDAQ:LULU) Rating Lowered to Hold at BidaskClub

BidaskClub cut shares of Lululemon Athletica (NASDAQ:LULU) from a buy rating to a hold rating in a research report released on Wednesday morning, BidAskClub reports.

Several other research analysts also recently commented on LULU. Jefferies Financial Group downgraded Lululemon Athletica to a hold rating and boosted their target price for the stock from $156.00 to $175.00 in a report on Thursday, June 13th. Wedbush set a $175.00 target price on Lululemon Athletica and gave the stock a hold rating in a report on Tuesday, June 11th. DA Davidson reduced their target price on Lululemon Athletica to $175.00 and set an average rating on the stock in a report on Tuesday, July 9th. Canaccord Genuity boosted their target price on Lululemon Athletica from $191.00 to $194.00 and gave the stock a buy rating in a report on Thursday, June 13th. Finally, Cowen set a $200.00 target price on Lululemon Athletica and gave the stock a buy rating in a report on Thursday, June 13th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $190.34.

NASDAQ LULU opened at $177.83 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $184.68 and its two-hundred day moving average is $168.84. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.02 and a beta of 0.62. Lululemon Athletica has a 1-year low of $110.71 and a 1-year high of $194.25.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $782.30 million for the quarter, compared to the consensus estimate of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. Lululemon Athletica’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, analysts predict that Lululemon Athletica will post 4.7 earnings per share for the current year.

In other Lululemon Athletica news, Director David M. Mussafer sold 4,484 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares in the company, valued at approximately $3,526,036.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Several institutional investors have recently modified their holdings of LULU. Jennison Associates LLC raised its position in shares of Lululemon Athletica by 144.2% during the 1st quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock valued at $1,035,850,000 after acquiring an additional 3,732,291 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $211,310,000. BlackRock Inc. increased its position in shares of Lululemon Athletica by 16.8% in the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after buying an additional 990,207 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lululemon Athletica by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after buying an additional 519,269 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Lululemon Athletica by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after buying an additional 424,937 shares in the last quarter. Institutional investors own 82.69% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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