lululemon athletica inc. (LULU) Given Outperform Rating at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. restated their outperform rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report released on Tuesday morning. The brokerage currently has a $68.00 target price on the apparel retailer’s stock.

LULU has been the subject of several other reports. Cowen and Company reaffirmed an outperform rating and set a $68.00 price objective (up from $67.00) on shares of lululemon athletica inc. in a research report on Friday, September 1st. Zacks Investment Research raised lululemon athletica inc. from a hold rating to a buy rating and set a $67.00 price objective for the company in a research report on Thursday, August 17th. Credit Suisse Group set a $56.00 price objective on lululemon athletica inc. and gave the stock a hold rating in a research report on Friday, August 25th. Instinet reaffirmed a buy rating and set a $67.00 price objective (up from $65.00) on shares of lululemon athletica inc. in a research report on Friday, September 1st. Finally, Vetr raised lululemon athletica inc. from a hold rating to a buy rating and set a $63.40 price objective for the company in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica inc. currently has a consensus rating of Hold and an average price target of $65.76.

Shares of lululemon athletica inc. (LULU) opened at 63.31 on Tuesday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 30.56 and a beta of 0.20. The stock’s 50 day moving average price is $60.50 and its 200-day moving average price is $56.57. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. lululemon athletica inc.’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts anticipate that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.

WARNING: “lululemon athletica inc. (LULU) Given Outperform Rating at Oppenheimer Holdings, Inc.” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2017/10/11/lululemon-athletica-inc-lulu-given-outperform-rating-at-oppenheimer-holdings-inc.html.

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC boosted its holdings in shares of lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 1,182 shares in the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. in the 2nd quarter valued at $106,000. Global X Management Co. LLC boosted its holdings in shares of lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after purchasing an additional 719 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of lululemon athletica inc. in the 1st quarter valued at $239,000. 80.43% 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.

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