lululemon athletica inc. (LULU) Receives “Outperform” Rating from Cowen and Company

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

A number of other brokerages have also issued reports on LULU. Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $75.00 price target on shares of lululemon athletica inc. in a research note on Thursday, March 30th. Deutsche Bank AG cut their target price on shares of lululemon athletica inc. from $65.00 to $58.00 and set a hold rating on the stock in a research note on Thursday, March 30th. Nomura cut their target price on shares of lululemon athletica inc. from $72.00 to $65.00 and set a buy rating on the stock in a research note on Thursday, March 30th. MKM Partners reaffirmed a buy rating on shares of lululemon athletica inc. in a report on Thursday, March 30th. Finally, Susquehanna Bancshares Inc reaffirmed a neutral rating and issued a $57.00 price target (down from $82.00) on shares of lululemon athletica inc. in a report on Thursday, March 30th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $64.75.

lululemon athletica inc. (LULU) traded down 1.41% on Friday, reaching $58.13. 1,684,821 shares of the company traded hands. The stock has a 50 day moving average of $60.38 and a 200-day moving average of $58.01. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 27.54 and a beta of 0.25. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81.

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

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In other lululemon athletica inc. news, Director Glenn Murphy purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were purchased at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the purchase, the director now owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after buying an additional 1,182 shares during the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. during the second quarter worth about $106,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of 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 worth $142,000 after buying an additional 121 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after buying an additional 719 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of 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 worth $182,000 after buying an additional 1,000 shares during the last quarter. 80.64% of the stock is currently 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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