Lululemon Athletica Inc. (NASDAQ:LULU) had its price objective cut by investment analysts at Goldman Sachs Group Inc. from $48.00 to $46.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “sell” rating on the apparel retailer’s stock. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 27.57% from the company’s current price.
Several other research firms have also issued reports on LULU. Credit Suisse Group AG restated a “buy” rating on shares of Lululemon Athletica in a research report on Thursday, June 9th. SunTrust Banks Inc. reiterated a “buy” rating and set a $83.00 target price on shares of Lululemon Athletica in a report on Tuesday, June 21st. KeyCorp increased their target price on shares of Lululemon Athletica from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, August 2nd. Mizuho increased their target price on shares of Lululemon Athletica from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, June 8th. Finally, Wedbush increased their target price on shares of Lululemon Athletica from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $71.86.
Shares of Lululemon Athletica (NASDAQ:LULU) opened at 63.51 on Thursday. The firm has a market cap of $8.70 billion, a P/E ratio of 32.59 and a beta of 0.65. Lululemon Athletica has a one year low of $43.14 and a one year high of $81.81. The firm has a 50 day moving average price of $72.27 and a 200-day moving average price of $69.52.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The business earned $514.52 million during the quarter. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts forecast that Lululemon Athletica will post $2.12 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. increased its stake in Lululemon Athletica by 128.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock worth $100,000 after buying an additional 765 shares during the period. Glenmede Trust Co. NA increased its stake in Lululemon Athletica by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock worth $100,000 after buying an additional 793 shares during the period. Victory Capital Management Inc. increased its stake in Lululemon Athletica by 131.7% in the second quarter. Victory Capital Management Inc. now owns 1,536 shares of the apparel retailer’s stock worth $113,000 after buying an additional 873 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in Lululemon Athletica during the second quarter worth $118,000. Finally, Advisor Group Inc. acquired a new stake in Lululemon Athletica during the second quarter worth $124,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
Lululemon Athletica Company Profile
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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