Lululemon Athletica’s (LULU) Buy Rating Reiterated at Barclays

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating reissued by Barclays in a research note issued to investors on Monday. They presently have a $95.00 target price on the apparel retailer’s stock. Barclays’ target price suggests a potential upside of 19.48% from the company’s current price.

Several other research firms have also recently weighed in on LULU. Deutsche Bank increased their price target on Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. BidaskClub raised Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Citigroup cut Lululemon Athletica from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Tuesday, January 2nd. Bank of America raised Lululemon Athletica to a “buy” rating and increased their price target for the company from $80.00 to $89.00 in a report on Tuesday, January 2nd. Finally, Telsey Advisory Group increased their price target on Lululemon Athletica from $84.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Lululemon Athletica currently has a consensus rating of “Hold” and a consensus target price of $72.71.

Lululemon Athletica (NASDAQ:LULU) traded up $0.47 during midday trading on Monday, hitting $79.51. The stock had a trading volume of 1,482,000 shares, compared to its average volume of 2,001,317. The company has a market cap of $10,710.00, a PE ratio of 39.56, a price-to-earnings-growth ratio of 2.51 and a beta of 0.19. Lululemon Athletica has a 12-month low of $47.26 and a 12-month high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. research analysts anticipate that Lululemon Athletica will post 2.48 earnings per share for the current fiscal year.

Lululemon Athletica declared that its board has approved a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 591.0% during 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 during the last quarter. Zions Bancorporation boosted its holdings in shares of Lululemon Athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after purchasing an additional 1,356 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $156,000. Oakbrook Investments LLC bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $202,000. Finally, Mackenzie Financial Corp bought a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $232,000. 79.31% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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