lululemon athletica (LULU) Given a $75.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $75.00 price target on lululemon athletica (NASDAQ:LULU) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the apparel retailer’s stock.

LULU has been the subject of a number of other research reports. Cowen restated an outperform rating and set a $68.00 target price (up previously from $67.00) on shares of lululemon athletica in a research report on Friday, September 1st. Credit Suisse Group set a $56.00 price objective on lululemon athletica and gave the stock a hold rating in a research note on Friday, August 25th. Zacks Investment Research cut lululemon athletica from a hold rating to a sell rating in a research note on Tuesday, November 28th. Instinet reaffirmed a buy rating and set a $67.00 price objective (up from $65.00) on shares of lululemon athletica in a research note on Friday, September 1st. Finally, Robert W. Baird set a $70.00 price objective on lululemon athletica and gave the stock a buy rating in a research note on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $70.44.

Shares of lululemon athletica (NASDAQ LULU) opened at $78.48 on Tuesday. The firm has a market capitalization of $10,407.94, a price-to-earnings ratio of 39.04, a PEG ratio of 2.51 and a beta of 0.19. lululemon athletica has a 52-week low of $47.26 and a 52-week high of $78.60.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. lululemon athletica had a return on equity of 22.52% and a net margin of 10.96%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. equities analysts forecast that lululemon athletica will post 2.48 earnings per share for the current fiscal year.

lululemon athletica announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC raised its holdings in lululemon athletica by 591.0% during the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after acquiring an additional 1,182 shares in the last quarter. Zions Bancorporation raised its holdings in lululemon athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after acquiring an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in lululemon athletica during the third quarter worth about $156,000. Global X Management Co. LLC raised its holdings in lululemon athletica by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in lululemon athletica during the third quarter worth about $202,000. Institutional investors own 79.30% of the company’s stock.

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About lululemon athletica

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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