Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at KeyCorp lifted their FY2020 earnings per share estimates for shares of Lululemon Athletica in a report issued on Thursday, January 16th. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will post earnings of $4.88 per share for the year, up from their prior estimate of $4.78. KeyCorp also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.23 EPS and FY2023 earnings at $7.51 EPS.
A number of other research firms also recently commented on LULU. Goldman Sachs Group upped their price objective on Lululemon Athletica from $193.00 to $219.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. UBS Group upped their price target on shares of Lululemon Athletica from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Deutsche Bank upped their price target on shares of Lululemon Athletica from $216.00 to $247.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Thursday, December 12th. Finally, Credit Suisse Group upped their price target on shares of Lululemon Athletica from $235.00 to $250.00 in a research report on Thursday, December 12th. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $238.41.
LULU stock opened at $241.25 on Friday. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 2.79 and a beta of 0.68. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $230.87 and a 200-day simple moving average of $203.28. Lululemon Athletica has a 52 week low of $141.01 and a 52 week high of $247.51.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, December 11th. The apparel retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $916.00 million during the quarter, compared to the consensus estimate of $897.58 million. Lululemon Athletica had a return on equity of 39.71% and a net margin of 15.10%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS.
In other Lululemon Athletica news, Director David M. Mussafer sold 4,673 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $217.00, for a total value of $1,014,041.00. Following the completion of the transaction, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $4,111,499. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stuart Haselden sold 27,451 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $232.78, for a total transaction of $6,390,043.78. Following the completion of the transaction, the chief operating officer now directly owns 15,247 shares of the company’s stock, valued at $3,549,196.66. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.
Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its position in shares of Lululemon Athletica by 167.7% during the fourth quarter. Allworth Financial LP now owns 166 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 104 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 70 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of Lululemon Athletica during the fourth quarter worth about $40,000. Finally, West Oak Capital LLC lifted its position in shares of Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 75 shares during the last quarter. 79.82% of the stock is owned by institutional investors.
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.
Featured Article: Do You Need a Fiduciary?
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.