Lululemon Athletica (NASDAQ:LULU – Get Rating) had its price objective decreased by JPMorgan Chase & Co. from $464.00 to $413.00 in a note issued to investors on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 38.74% from the stock’s current price.
Several other equities analysts have also commented on the company. Cowen upped their target price on Lululemon Athletica from $512.00 to $531.00 and gave the company an “outperform” rating in a report on Tuesday, August 30th. Stifel Nicolaus increased their price objective on Lululemon Athletica from $381.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. The Goldman Sachs Group increased their price objective on Lululemon Athletica from $365.00 to $383.00 in a report on Friday, September 2nd. StockNews.com initiated coverage on Lululemon Athletica in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group lowered Lululemon Athletica from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $375.00 to $200.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $400.74.
Lululemon Athletica Trading Down 0.3 %
NASDAQ:LULU opened at $297.68 on Tuesday. The firm has a market capitalization of $37.96 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The stock has a 50 day moving average of $312.72 and a 200-day moving average of $310.81. Lululemon Athletica has a 52 week low of $251.51 and a 52 week high of $485.83.
Lululemon Athletica (NASDAQ:LULU – Get Rating) last posted its earnings results on Thursday, September 1st. The apparel retailer reported $2.20 EPS for the quarter, beating the consensus estimate of $1.86 by $0.34. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Lululemon Athletica had a return on equity of 40.95% and a net margin of 15.60%. The business’s revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. As a group, analysts predict that Lululemon Athletica will post 9.88 EPS for the current fiscal year.
Insider Activity
In other news, Director Kathryn Henry sold 189 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $351.80, for a total value of $66,490.20. Following the completion of the sale, the director now owns 4,102 shares in the company, valued at $1,443,083.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.
Institutional Trading of Lululemon Athletica
A number of hedge funds have recently modified their holdings of LULU. Jennison Associates LLC lifted its holdings in shares of Lululemon Athletica by 16.8% in the second quarter. Jennison Associates LLC now owns 4,507,815 shares of the apparel retailer’s stock valued at $1,228,875,000 after purchasing an additional 648,749 shares in the last quarter. Harding Loevner LP acquired a new position in shares of Lululemon Athletica in the first quarter worth $161,590,000. Wellington Management Group LLP increased its stake in shares of Lululemon Athletica by 21.8% in the first quarter. Wellington Management Group LLP now owns 2,824,943 shares of the apparel retailer’s stock worth $1,031,753,000 after acquiring an additional 505,401 shares during the last quarter. Marsico Capital Management LLC acquired a new position in shares of Lululemon Athletica in the second quarter worth $114,725,000. Finally, M&G Investment Management Ltd. increased its stake in shares of Lululemon Athletica by 4,426.8% in the second quarter. M&G Investment Management Ltd. now owns 251,959 shares of the apparel retailer’s stock worth $68,785,000 after acquiring an additional 246,393 shares during the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.
About Lululemon Athletica
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.
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