Lululemon Athletica (LULU) Upgraded to Strong-Buy at BidaskClub

Lululemon Athletica (NASDAQ:LULU) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Several other analysts have also issued reports on LULU. Wolfe Research restated an “outperform” rating and issued a $182.00 price objective (up from $177.00) on shares of Lululemon Athletica in a report on Tuesday, January 15th. MKM Partners lifted their target price on Lululemon Athletica from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, January 16th. DA Davidson dropped their target price on Lululemon Athletica to $145.00 and set a “neutral” rating for the company in a research report on Friday, December 7th. Cowen set a $185.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Finally, Credit Suisse Group boosted their price objective on Lululemon Athletica from $164.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.78.

Lululemon Athletica stock traded down $2.60 during trading on Tuesday, reaching $149.47. The company had a trading volume of 1,828,115 shares, compared to its average volume of 2,979,519. Lululemon Athletica has a 1-year low of $74.90 and a 1-year high of $164.79. The stock has a market capitalization of $20.13 billion, a P/E ratio of 57.71, a P/E/G ratio of 2.09 and a beta of 0.53.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Lululemon Athletica had a net margin of 12.63% and a return on equity of 30.28%. The company had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $736.10 million. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. On average, sell-side analysts predict that Lululemon Athletica will post 3.76 EPS for the current fiscal year.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 847,000 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $136.53, for a total value of $115,640,910.00. Following the completion of the sale, the insider now owns 3,852 shares of the company’s stock, valued at $525,913.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $140.39, for a total value of $62,387,771.71. Following the completion of the sale, the insider now directly owns 3,852 shares of the company’s stock, valued at approximately $540,782.28. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LULU. Dimensional Fund Advisors LP raised its holdings in Lululemon Athletica by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,472 shares of the apparel retailer’s stock valued at $51,373,000 after acquiring an additional 2,445 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Lululemon Athletica by 22.6% during the 2nd quarter. Macquarie Group Ltd. now owns 43,197 shares of the apparel retailer’s stock worth $5,393,000 after buying an additional 7,962 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Lululemon Athletica by 104.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock worth $177,000 after buying an additional 722 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Lululemon Athletica by 177.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 32,826 shares of the apparel retailer’s stock worth $1,293,000 after buying an additional 20,990 shares in the last quarter. Finally, Global X Management Co LLC lifted its holdings in Lululemon Athletica by 34.7% during the 2nd quarter. Global X Management Co LLC now owns 6,290 shares of the apparel retailer’s stock worth $785,000 after buying an additional 1,621 shares in the last quarter. 78.73% of the stock is owned by institutional investors and hedge funds.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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