Lululemon Athletica inc. (NASDAQ:LULU) Receives $220.14 Consensus PT from Brokerages

Shares of Lululemon Athletica inc. (NASDAQ:LULU) have earned a consensus rating of “Buy” from the thirty-seven research firms that are covering the firm, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $230.62.

A number of brokerages have recently commented on LULU. Bank of America reaffirmed a “buy” rating and set a $268.00 price target (up previously from $230.00) on shares of Lululemon Athletica in a research report on Monday, December 9th. UBS Group upped their price target on Lululemon Athletica from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price target on Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Piper Jaffray Companies upped their price target on Lululemon Athletica from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Cowen increased their price objective on Lululemon Athletica from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd.

Shares of NASDAQ LULU traded down $0.92 during trading on Monday, reaching $223.55. 4,857,787 shares of the stock traded hands, compared to its average volume of 1,754,444. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $235.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The company has a 50-day moving average of $215.51 and a 200-day moving average of $193.26. The stock has a market capitalization of $30.38 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Lululemon Athletica had a return on equity of 41.15% and a net margin of 15.10%. The firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $897.58 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. Analysts expect that Lululemon Athletica will post 4.86 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Virtus ETF Advisers LLC purchased a new stake in shares of Lululemon Athletica in the 2nd quarter valued at about $27,000. Venturi Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 70 shares in the last quarter. Motco purchased a new stake in shares of Lululemon Athletica in the 2nd quarter valued at about $38,000. Finally, West Oak Capital LLC increased its position in shares of Lululemon Athletica by 60.0% during the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. 79.84% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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