Cowen and Company Reiterates Outperform Rating for lululemon athletica inc. (LULU)

Cowen and Company restated their outperform rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research note published on Saturday, July 22nd. They currently have a $67.00 price target on the apparel retailer’s stock, up from their prior price target of $64.00.

Other equities analysts have also recently issued research reports about the stock. DA Davidson reaffirmed a neutral rating and set a $58.00 price objective (down previously from $75.00) on shares of lululemon athletica inc. in a research note on Sunday, April 2nd. Berenberg Bank started coverage on shares of lululemon athletica inc. in a research report on Tuesday, May 16th. They set a hold rating and a $54.00 target price for the company. Jefferies Group LLC set a $56.00 price objective on shares of lululemon athletica inc. and gave the stock a hold rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of lululemon athletica inc. from a hold rating to a sell rating in a report on Tuesday, May 23rd. Finally, Stifel Nicolaus upgraded shares of lululemon athletica inc. from a hold rating to a buy rating in a report on Tuesday, April 18th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. lululemon athletica inc. presently has a consensus rating of Hold and a consensus price target of $64.80.

lululemon athletica inc. (NASDAQ:LULU) opened at 59.76 on Friday. The company has a 50-day moving average of $59.95 and a 200-day moving average of $58.31. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 28.31 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. Equities research analysts forecast that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.

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In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were acquired at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the purchase, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of lululemon athletica inc. by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock worth $18,760,000 after buying an additional 29,880 shares during the last quarter. potrero capital research llc increased its position in shares of lululemon athletica inc. by 14.8% in the second quarter. potrero capital research llc now owns 85,100 shares of the apparel retailer’s stock worth $5,078,000 after buying an additional 11,000 shares during the last quarter. Lodge Hill Capital LLC bought a new position in shares of lululemon athletica inc. during the second quarter worth about $39,978,000. Parametric Portfolio Associates LLC increased its position in shares of lululemon athletica inc. by 108.7% in the second quarter. Parametric Portfolio Associates LLC now owns 141,851 shares of the apparel retailer’s stock worth $8,464,000 after buying an additional 73,887 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of lululemon athletica inc. by 117.0% in the second quarter. Advisor Group Inc. now owns 5,515 shares of the apparel retailer’s stock worth $330,000 after buying an additional 2,974 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

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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