Lululemon Athletica (LULU) Given New $105.00 Price Target at Credit Suisse Group

Lululemon Athletica (NASDAQ:LULU) had its target price upped by Credit Suisse Group from $98.00 to $105.00 in a research report sent to investors on Friday morning. The firm currently has an outperform rating on the apparel retailer’s stock.

A number of other brokerages have also recently issued reports on LULU. Morgan Stanley increased their price objective on shares of Lululemon Athletica from $82.00 to $85.00 and gave the company an equal weight rating in a research note on Tuesday, April 10th. BidaskClub upgraded shares of Lululemon Athletica from a hold rating to a buy rating in a research note on Wednesday, April 4th. Wolfe Research upgraded shares of Lululemon Athletica from a peer perform rating to an outperform rating and set a $101.00 price objective for the company in a research note on Thursday, March 29th. Deutsche Bank increased their price objective on shares of Lululemon Athletica from $95.00 to $96.00 and gave the company a buy rating in a research note on Wednesday, March 28th. Finally, Bank of America increased their price objective on shares of Lululemon Athletica from $90.00 to $95.00 and gave the company a buy rating in a research note on Wednesday, March 28th. Sixteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $81.81.

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NASDAQ:LULU opened at $91.71 on Friday. The firm has a market cap of $12,422.58, a P/E ratio of 35.27, a P/E/G ratio of 2.28 and a beta of 0.19. Lululemon Athletica has a one year low of $47.26 and a one year high of $92.89.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.06. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $912.41 million. Lululemon Athletica had a net margin of 9.76% and a return on equity of 24.59%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. equities analysts predict that Lululemon Athletica will post 3.08 earnings per share for the current year.

In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in Lululemon Athletica by 340.6% during the 4th quarter. Millennium Management LLC now owns 855,796 shares of the apparel retailer’s stock worth $67,257,000 after acquiring an additional 661,547 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Lululemon Athletica by 311.5% during the 4th quarter. Alliancebernstein L.P. now owns 691,777 shares of the apparel retailer’s stock worth $54,367,000 after acquiring an additional 523,653 shares during the last quarter. Element Capital Management LLC bought a new stake in Lululemon Athletica during the 4th quarter worth about $29,521,000. Elephas Investment Management Ltd bought a new stake in Lululemon Athletica during the 4th quarter worth about $29,062,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Lululemon Athletica by 481.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 395,741 shares of the apparel retailer’s stock worth $31,101,000 after acquiring an additional 327,624 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

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Lululemon Athletica Company Profile

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 and running; other sweaty pursuits; and athletic wear for female youth.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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