CIBC Reiterates “Outperform” Rating for lululemon athletica inc. (LULU)

lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “outperform” rating restated by CIBC in a research report issued on Friday, July 14th. They presently have a $68.00 price objective on the apparel retailer’s stock, up from their previous price objective of $65.00. CIBC’s price objective would indicate a potential upside of 13.79% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. MKM Partners reaffirmed a “buy” rating on shares of lululemon athletica inc. in a research report on Thursday, March 30th. Royal Bank Of Canada set a $80.00 price objective on shares of lululemon athletica inc. and gave the company a “buy” rating in a research report on Monday, March 20th. Nomura lowered their price objective on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 30th. Mizuho decreased their price target on shares of lululemon athletica inc. from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, March 30th. Finally, Instinet decreased their price target on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, March 30th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued 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.

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

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The firm had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. During the same quarter last year, the firm posted $0.33 earnings per share. lululemon athletica inc.’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB raised its position in lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after buying an additional 3,189 shares in the last quarter. Rothschild Investment Corp IL raised its position in lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares in the last quarter. Quadrature Capital Ltd acquired a new position in lululemon athletica inc. during the fourth quarter worth approximately $11,613,000. Schwab Charles Investment Management Inc. raised its position in lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after buying an additional 688 shares in the last quarter. 80.15% 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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