BMO Capital Markets Analysts Give lululemon athletica inc. (NASDAQ:LULU) a $55.00 Price Target

BMO Capital Markets set a $55.00 price objective on lululemon athletica inc. (NASDAQ:LULU) in a report released on Tuesday, August 8th. The firm currently has a hold rating on the apparel retailer’s stock.

Several other research analysts have also commented on the company. Vetr raised lululemon athletica inc. from a hold rating to a buy rating and set a $63.40 price target for the company in a research report on Thursday, August 3rd. Zacks Investment Research raised lululemon athletica inc. from a hold rating to a buy rating and set a $69.00 price target for the company in a research report on Friday, July 28th. Stifel Nicolaus lowered lululemon athletica inc. from a buy rating to a hold rating and upped their target price for the company from $60.00 to $66.00 in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reaffirmed an outperform rating and set a $67.00 target price (up from $64.00) on shares of lululemon athletica inc. in a research report on Saturday, July 22nd. Finally, Needham & Company LLC began coverage on lululemon athletica inc. in a research note on Tuesday, July 18th. They set a buy rating and a $67.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the stock. lululemon athletica inc. currently has an average rating of Hold and an average target price of $64.75.

lululemon athletica inc. (NASDAQ LULU) traded down 1.41% during trading on Tuesday, reaching $58.13. The company’s stock had a trading volume of 1,684,821 shares. The company has a market capitalization of $7.95 billion, a P/E ratio of 27.54 and a beta of 0.25. The firm’s 50-day moving average price is $60.38 and its 200 day moving average price is $58.01. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81.

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

COPYRIGHT VIOLATION WARNING: This story was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/bmo-capital-markets-analysts-give-lululemon-athletica-inc-nasdaqlulu-a-55-00-price-target-updated.html.

In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Penserra Capital Management LLC raised its position in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock valued at $238,000 after buying an additional 84 shares in the last quarter. Comerica Bank raised its position in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 97 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position 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. Great West Life Assurance Co. Can raised its position in lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock valued at $3,072,000 after buying an additional 173 shares in the last quarter. Finally, Suntrust Banks Inc. raised its position in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 80.64% 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.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

What are top analysts saying about lululemon athletica inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for lululemon athletica inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit