Bank of America reaffirmed their buy rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research report released on Tuesday, TipRanks reports. Bank of America currently has a $340.00 price objective on the apparel retailer’s stock.
A number of other research firms also recently weighed in on LULU. Jefferies Financial Group raised their price target on Lululemon Athletica from $194.00 to $290.00 and gave the company a hold rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $283.00 to $334.00 and gave the company an overweight rating in a research note on Friday, June 12th. Oppenheimer raised their price target on Lululemon Athletica from $296.00 to $370.00 and gave the company an outperform rating in a research note on Friday, June 5th. They noted that the move was a valuation call. Argus lifted their target price on Lululemon Athletica from $270.00 to $360.00 in a research note on Monday, June 15th. Finally, Telsey Advisory Group lifted their target price on Lululemon Athletica from $230.00 to $360.00 and gave the stock an outperform rating in a research note on Monday, June 8th. Twelve research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $306.22.
NASDAQ:LULU opened at $312.01 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.69 and a current ratio of 2.68. The company has a market cap of $37.70 billion, a PE ratio of 70.59, a PEG ratio of 3.61 and a beta of 1.05. Lululemon Athletica has a 52-week low of $128.85 and a 52-week high of $324.76. The stock has a 50-day simple moving average of $288.51 and a 200 day simple moving average of $238.44.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The company had revenue of $651.96 million during the quarter, compared to the consensus estimate of $695.98 million. Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, research analysts predict that Lululemon Athletica will post 4.37 earnings per share for the current fiscal year.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 89,455 shares of Lululemon Athletica stock in a transaction on Monday, April 27th. The stock was sold at an average price of $223.58, for a total value of $20,000,348.90. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $861,230.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis J. Wilson sold 135,836 shares of Lululemon Athletica stock in a transaction on Monday, April 20th. The shares were sold at an average price of $220.86, for a total value of $30,000,738.96. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $850,752.72. The disclosure for this sale can be found here. Insiders sold a total of 483,883 shares of company stock valued at $99,999,851 over the last ninety days. Insiders own 0.32% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Sandy Spring Bank raised its holdings in shares of Lululemon Athletica by 200.0% during the 1st quarter. Sandy Spring Bank now owns 150 shares of the apparel retailer’s stock worth $28,000 after buying an additional 100 shares in the last quarter. 1776 Wealth LLC raised its holdings in shares of Lululemon Athletica by 52.5% during the 1st quarter. 1776 Wealth LLC now owns 154 shares of the apparel retailer’s stock worth $29,000 after buying an additional 53 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $32,000. Golden State Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 1st quarter worth $33,000. Finally, TRUE Private Wealth Advisors raised its holdings in shares of Lululemon Athletica by 1,044.4% during the 1st quarter. TRUE Private Wealth Advisors now owns 206 shares of the apparel retailer’s stock worth $39,000 after buying an additional 188 shares in the last quarter. 83.08% of the stock is owned by institutional investors.
About Lululemon Athletica
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: Convertible Shares
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.