Cowen and Company set a $64.00 price target on Lululemon Athletica inc. (NASDAQ:LULU) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the apparel retailer’s stock.
Other equities analysts have also issued research reports about the stock. Pacific Crest lowered shares of Lululemon Athletica inc. to a hold rating in a report on Saturday, February 4th. Oppenheimer Holdings Inc. set a $75.00 price objective on shares of Lululemon Athletica inc. and gave the company a buy rating in a research note on Sunday, March 12th. Nomura cut their price objective on shares of Lululemon Athletica inc. from $72.00 to $65.00 and set a buy rating for the company in a research note on Thursday, March 30th. Stifel Nicolaus cut their price objective on shares of Lululemon Athletica inc. from $67.00 to $60.00 and set a hold rating for the company in a research note on Thursday, March 30th. Finally, SunTrust Banks, Inc. set a $69.00 price objective on shares of Lululemon Athletica inc. and gave the company a buy rating in a research note on Saturday, April 1st. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Lululemon Athletica inc. presently has an average rating of Hold and an average target price of $65.98.
Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded down 0.67% on Thursday, hitting $53.25. 2,035,153 shares of the stock traded hands. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 24.10 and a beta of 0.23. The stock has a 50 day moving average price of $58.84 and a 200-day moving average price of $61.65. Lululemon Athletica inc. has a 52 week low of $49.40 and a 52 week high of $81.81.
Lululemon Athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, March 29th. The apparel retailer reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.01. The company earned $789 million during the quarter, compared to the consensus estimate of $783.32 million. Lululemon Athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. Lululemon Athletica inc.’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, equities research analysts forecast that Lululemon Athletica inc. will post $2.32 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $78,954,000. Two Sigma Advisers LP raised its stake in shares of Lululemon Athletica inc. by 410.1% in the third quarter. Two Sigma Advisers LP now owns 882,648 shares of the apparel retailer’s stock worth $53,824,000 after buying an additional 709,600 shares in the last quarter. Friess Associates LLC bought a new stake in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $18,586,000. Airain ltd bought a new stake in shares of Lululemon Athletica inc. during the third quarter worth approximately $14,651,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $13,781,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.
About Lululemon Athletica inc.
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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