lululemon athletica inc. (NASDAQ:LULU) Lowered to Hold at Stifel Nicolaus

lululemon athletica inc. (NASDAQ:LULU) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday, July 25th, MarketBeat reports. They presently have a $66.00 target price on the apparel retailer’s stock, up from their previous target price of $60.00. Stifel Nicolaus’ price objective suggests a potential upside of 13.54% from the stock’s current price. The analysts noted that the move was a valuation call.

LULU has been the subject of a number of other reports. Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 target price for the company in a research note on Monday, April 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $64.00 target price on shares of lululemon athletica inc. in a research note on Tuesday, March 28th. Bank of America Corporation lowered shares of lululemon athletica inc. from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 30th. Cowen and Company set a $64.00 target price on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Thursday, April 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $81.00 target price on shares of lululemon athletica inc. in a research note on Tuesday, March 28th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.75.

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

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $520.30 million during 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 firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities analysts predict 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 purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the completion of the purchase, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in LULU. Xact Kapitalforvaltning AB increased 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 valued at $925,000 after buying an additional 3,189 shares during the last quarter. Rothschild Investment Corp IL increased 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 valued at $332,000 after buying an additional 500 shares during the last quarter. Quadrature Capital Ltd acquired a new position in lululemon athletica inc. during the fourth quarter valued at about $11,613,000. Schwab Charles Investment Management Inc. increased 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 valued at $19,260,000 after buying an additional 28,686 shares during the last quarter. Finally, CIBC World Markets Inc. increased 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 valued at $578,000 after buying an additional 688 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other 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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