Lululemon Athletica inc. (NASDAQ:LULU) – Equities researchers at B. Riley upped their Q4 2020 earnings estimates for shares of Lululemon Athletica in a research note issued on Thursday, November 7th. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings of $2.13 per share for the quarter, up from their previous estimate of $2.09. B. Riley has a “Neutral” rating and a $182.00 price objective on the stock.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Co increased their target price on shares of Lululemon Athletica from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. MKM Partners increased their target price on shares of Lululemon Athletica from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Telsey Advisory Group increased their target price on shares of Lululemon Athletica from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Stifel Nicolaus set a $238.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Friday, September 6th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $211.79.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business had revenue of $883.35 million for the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in LULU. Virtus ETF Advisers LLC purchased a new position in Lululemon Athletica in the 2nd quarter valued at about $27,000. Venturi Wealth Management LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC lifted its holdings in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. SevenBridge Financial Group LLC purchased a new position in Lululemon Athletica in the 2nd quarter valued at about $35,000. Finally, Cordasco Financial Network purchased a new position in Lululemon Athletica in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the sale, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the sale, the director now owns 3,852 shares in the company, valued at $704,492.28. The disclosure for this sale can be found here. Insiders sold a total of 420,548 shares of company stock worth $79,395,186 over the last three months. 0.34% of the stock is currently owned by corporate insiders.
About Lululemon Athletica
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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