Vetr downgraded shares of lululemon athletica inc. (NASDAQ:LULU) from a buy rating to a hold rating in a report issued on Wednesday, May 10th. They currently have $54.75 target price on the apparel retailer’s stock.
LULU has been the subject of several other research reports. Jefferies Group LLC reissued a hold rating and issued a $64.00 price target on shares of lululemon athletica inc. in a research report on Tuesday, March 28th. Bank of America Corporation cut shares of lululemon athletica inc. from a neutral rating to an underperform rating in a research report on Thursday, March 30th. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the company a buy rating in a research report on Thursday, April 20th. MKM Partners reissued a buy rating and issued a $90.00 price target on shares of lululemon athletica inc. in a research report on Sunday, March 19th. Finally, Royal Bank Of Canada set a $80.00 price target on shares of lululemon athletica inc. and gave the company a buy rating in a research report on Monday, March 20th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $64.65.
lululemon athletica inc. (NASDAQ:LULU) traded up 0.08% during mid-day trading on Wednesday, hitting $53.13. 1,829,011 shares of the stock traded hands. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81. The stock has a market cap of $7.26 billion, a P/E ratio of 25.17 and a beta of 0.15. The stock has a 50-day moving average price of $51.22 and a 200-day moving average price of $60.00. lululemon athletica inc. also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 5,329 call options on the company. This is an increase of approximately 165% compared to the typical volume of 2,013 call options.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts forecast that lululemon athletica inc. will post $2.33 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in lululemon athletica inc. by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 46 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. Pacific Global Investment Management CO acquired a new stake in lululemon athletica inc. during the fourth quarter valued at about $201,000. Scotia Capital Inc. acquired a new stake in lululemon athletica inc. during the fourth quarter valued at about $217,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.
lululemon athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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