lululemon athletica inc. (LULU) Coverage Initiated by Analysts at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of lululemon athletica inc. (NASDAQ:LULU) in a research note released on Tuesday. The brokerage issued a market perform rating and a $66.00 target price on the apparel retailer’s stock.

Other research analysts have also issued reports about the stock. UBS AG reissued a neutral rating and set a $54.00 target price (down from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Stifel Nicolaus set a $60.00 price target on shares of lululemon athletica inc. and gave the stock a buy rating in a research report on Sunday, May 28th. Barclays PLC set a $85.00 price target on shares of lululemon athletica inc. and gave the stock a buy rating in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price target on shares of lululemon athletica inc. and gave the stock a buy rating in a research report on Saturday, June 3rd. Finally, Zacks Investment Research downgraded shares of lululemon athletica inc. from a buy rating to a hold rating in a research report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica inc. presently has an average rating of Hold and an average target price of $65.68.

Shares of lululemon athletica inc. (NASDAQ LULU) traded up 0.36% on Tuesday, reaching $62.01. 141,534 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $60.64 and its 200-day moving average price is $57.18. The company has a market capitalization of $8.40 billion, a P/E ratio of 29.93 and a beta of 0.22. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Analysts anticipate that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.

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In other news, Director Glenn Murphy acquired 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the purchase, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB lifted its stake in shares of lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after buying an additional 3,189 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares during the last quarter. CIBC World Markets Inc. lifted its stake in shares of lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after buying an additional 688 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of lululemon athletica inc. by 49.1% in the first quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after buying an additional 7,701 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of lululemon athletica inc. by 55.2% in the first quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock worth $42,587,000 after buying an additional 292,183 shares during the last quarter. Institutional investors and hedge funds own 79.58% of the company’s stock.

About lululemon athletica inc.

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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