DA Davidson Lowers Lululemon Athletica (LULU) Price Target to $145.00

Lululemon Athletica (NASDAQ:LULU) had its price target reduced by DA Davidson to $145.00 in a research note issued to investors on Friday, The Fly reports. They currently have a neutral rating on the apparel retailer’s stock.

LULU has been the topic of several other research reports. Royal Bank of Canada lifted their price target on Lululemon Athletica from $160.00 to $185.00 and gave the stock an outperform rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine lowered Lululemon Athletica from a strong-buy rating to a buy rating in a report on Wednesday, November 21st. Morgan Stanley lifted their price target on Lululemon Athletica from $108.00 to $133.00 and gave the stock an equal weight rating in a report on Tuesday, September 4th. CIBC lifted their price target on Lululemon Athletica from $180.00 to $190.00 and gave the stock an outperform rating in a report on Thursday, September 27th. Finally, Wells Fargo & Co set a $144.00 price target on Lululemon Athletica and gave the stock a hold rating in a report on Friday, August 31st. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $157.67.

LULU traded down $17.57 on Friday, hitting $113.87. 8,045,949 shares of the company’s stock were exchanged, compared to its average volume of 2,213,774. Lululemon Athletica has a fifty-two week low of $72.13 and a fifty-two week high of $164.79. The stock has a market cap of $17.40 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 1.90 and a beta of 0.37.

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 29.73%. 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 3.59 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Banco de Sabadell S.A purchased a new stake in Lululemon Athletica during the third quarter worth about $113,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Lululemon Athletica during the third quarter worth about $130,000. Parallel Advisors LLC increased its stake in Lululemon Athletica by 230.4% during the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock worth $155,000 after purchasing an additional 666 shares during the period. TRUE Private Wealth Advisors purchased a new stake in Lululemon Athletica during the third quarter worth about $161,000. Finally, Global Trust Asset Management LLC purchased a new stake in Lululemon Athletica during the third quarter worth about $179,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.

Read More: What is Depreciation?

The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply