Cowen Increases Lululemon Athletica (NASDAQ:LULU) Price Target to $235.00

Lululemon Athletica (NASDAQ:LULU) had its price objective lifted by Cowen from $214.00 to $235.00 in a research report report published on Tuesday morning, The Fly reports. Cowen currently has an outperform rating on the apparel retailer’s stock.

Other research analysts have also issued reports about the company. Oppenheimer set a $225.00 target price on Lululemon Athletica and gave the stock a buy rating in a research report on Friday, September 6th. Needham & Company LLC reaffirmed a hold rating on shares of Lululemon Athletica in a research report on Friday, September 6th. Guggenheim reaffirmed a buy rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $200.00 to $230.00 and gave the stock an overweight rating in a research report on Friday, September 6th. Finally, Canaccord Genuity increased their target price on Lululemon Athletica from $191.00 to $194.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Lululemon Athletica currently has a consensus rating of Buy and an average target price of $205.39.

Shares of LULU opened at $189.30 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $25.45 billion, a P/E ratio of 45.43, a price-to-earnings-growth ratio of 2.27 and a beta of 0.65. The stock’s fifty day simple moving average is $185.17 and its 200 day simple moving average is $175.05. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $204.44.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. The business had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Sell-side analysts predict that Lululemon Athletica will post 4.74 earnings per share for the current year.

In related news, Director Dennis J. Wilson sold 99,133 shares of Lululemon Athletica stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $777,295.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 164,061 shares of Lululemon Athletica stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total value of $30,005,116.29. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $704,492.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 420,548 shares of company stock worth $79,395,186. Corporate insiders own 0.34% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Meridian Wealth Management LLC acquired a new position in Lululemon Athletica in the first quarter worth about $25,000. Virtus ETF Advisers LLC acquired a new position in Lululemon Athletica in the second quarter worth about $27,000. SevenBridge Financial Group LLC acquired a new position in Lululemon Athletica in the second quarter worth about $35,000. Cordasco Financial Network acquired a new position in Lululemon Athletica in the second quarter worth about $36,000. Finally, Winslow Evans & Crocker Inc. grew its stake in Lululemon Athletica by 2,000.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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