CIBC restated their outperform rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research note issued to investors on Friday morning. The brokerage currently has a $68.00 target price on the apparel retailer’s stock, up from their prior target price of $65.00.
LULU has been the subject of a number of other research reports. Vetr raised lululemon athletica inc. from a hold rating to a buy rating and set a $53.94 target price for the company in a report on Monday, April 17th. Jefferies Group LLC reissued a hold rating and set a $64.00 target price on shares of lululemon athletica inc. in a report on Tuesday, March 28th. Bank of America Corporation cut lululemon athletica inc. from a neutral rating to an underperform rating in a report on Thursday, March 30th. Cowen and Company set a $64.00 target price on lululemon athletica inc. and gave the company a buy rating in a report on Thursday, April 20th. Finally, MKM Partners reissued a buy rating and set a $90.00 target price on shares of lululemon athletica inc. in a report on Sunday, March 19th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $64.42.
lululemon athletica inc. (NASDAQ LULU) traded down 0.12% during midday trading on Friday, hitting $59.74. The stock had a trading volume of 1,490,440 shares. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. The stock has a market cap of $8.17 billion, a PE ratio of 28.30 and a beta of 0.23. The company’s 50 day moving average price is $51.98 and its 200-day moving average price is $59.64.
lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that lululemon athletica inc. will post $2.33 EPS for the current fiscal year.
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In related news, Director Glenn Murphy purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the completion of the acquisition, the director now directly owns 100,344 shares in the company, valued at approximately $5,569,092. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.29% of the company’s stock.
A number of large investors have recently made changes to their positions in LULU. Comerica Bank raised its stake in shares of lululemon athletica inc. by 61.7% in the fourth quarter. Comerica Bank now owns 11,052 shares of the apparel retailer’s stock worth $751,000 after buying an additional 4,218 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of lululemon athletica inc. during the fourth quarter worth $11,613,000. Teachers Advisors LLC raised its stake in shares of lululemon athletica inc. by 45.7% in the fourth quarter. Teachers Advisors LLC now owns 122,551 shares of the apparel retailer’s stock worth $7,965,000 after buying an additional 38,418 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of lululemon athletica inc. by 2.3% in the first quarter. Gulf International Bank UK Ltd now owns 35,127 shares of the apparel retailer’s stock worth $1,822,000 after buying an additional 780 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of lululemon athletica inc. by 6.7% in the first quarter. Bank of Montreal Can now owns 14,425 shares of the apparel retailer’s stock worth $748,000 after buying an additional 902 shares in the last quarter. 79.85% of the stock is currently owned by institutional investors.
About lululemon athletica inc.
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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