lululemon athletica inc. (NASDAQ:LULU) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, June 28th. They presently have a $58.10 target price on the apparel retailer’s stock. Vetr‘s price target suggests a potential downside of 6.03% from the company’s previous close.
Other analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. set a $75.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a report on Sunday, March 12th. UBS AG cut lululemon athletica inc. from a “positive” rating to a “neutral” rating in a report on Thursday, March 30th. Stifel Nicolaus reduced their target price on lululemon athletica inc. from $67.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, March 30th. Nomura reduced their target price on lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. Finally, SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a report on Saturday, April 1st. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the stock. lululemon athletica inc. presently has a consensus rating of “Hold” and an average price target of $64.80.
Shares of lululemon athletica inc. (NASDAQ LULU) traded up 0.59% on Wednesday, hitting $61.83. 1,376,831 shares of the stock traded hands. The stock has a 50 day moving average of $57.24 and a 200-day moving average of $58.78. The stock has a market cap of $8.45 billion, a PE ratio of 29.29 and a beta of 0.24. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $520.30 million for the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. On average, equities research analysts expect that lululemon athletica inc. will post $2.34 EPS for the current year.
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In related news, Director Glenn Murphy bought 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its position in shares of lululemon athletica inc. by 11.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 49,000 shares of the apparel retailer’s stock valued at $2,924,000 after buying an additional 5,000 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of lululemon athletica inc. during the second quarter valued at approximately $291,000. Janney Montgomery Scott LLC increased its position in shares of lululemon athletica inc. by 6.4% in the second quarter. Janney Montgomery Scott LLC now owns 23,918 shares of the apparel retailer’s stock valued at $1,427,000 after buying an additional 1,449 shares in the last quarter. Chickasaw Capital Management LLC bought a new position in shares of lululemon athletica inc. during the second quarter valued at approximately $310,000. Finally, Russell Investments Group Ltd. increased its position in shares of lululemon athletica inc. by 77.7% in the second quarter. Russell Investments Group Ltd. now owns 190,439 shares of the apparel retailer’s stock valued at $11,363,000 after buying an additional 83,300 shares in the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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