Lululemon Athletica inc. (NASDAQ:LULU) Receives $212.21 Average PT from Analysts

Shares of Lululemon Athletica inc. (NASDAQ:LULU) have been given a consensus rating of “Buy” by the thirty-five brokerages that are currently covering the company, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $212.21.

A number of research firms have recently weighed in on LULU. Citigroup cut Lululemon Athletica from a “buy” rating to a “neutral” rating and set a $205.00 price target for the company. in a report on Monday, October 28th. UBS Group set a $210.00 price target on Lululemon Athletica and gave the stock a “hold” rating in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price target on Lululemon Athletica from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Zacks Investment Research upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Monday, September 9th. Finally, Oppenheimer set a $225.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a report on Friday, September 6th.

NASDAQ:LULU traded up $2.69 during trading hours on Thursday, reaching $215.91. The company had a trading volume of 1,492,500 shares, compared to its average volume of 1,645,918. The firm has a market cap of $27.78 billion, a PE ratio of 56.23, a price-to-earnings-growth ratio of 2.47 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. Lululemon Athletica has a 1-year low of $110.71 and a 1-year high of $216.05. The business’s 50 day moving average price is $200.63 and its 200-day moving average price is $186.33.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The business had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. On average, analysts expect that Lululemon Athletica will post 4.74 earnings per share for the current fiscal year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total value of $30,005,116.29. Following the sale, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,492.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $201.79, for a total value of $20,004,048.07. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at approximately $777,295.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 420,548 shares of company stock worth $79,395,186. 0.34% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of LULU. Jennison Associates LLC raised its position in Lululemon Athletica by 39.6% in the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after purchasing an additional 2,504,324 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at about $211,310,000. BlackRock Inc. raised its position in 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 purchasing an additional 990,207 shares in the last quarter. Vanguard Group Inc. raised its position in 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 purchasing an additional 519,269 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in 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 purchasing an additional 424,937 shares in the last quarter. 80.10% of the stock is currently owned by institutional investors.

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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