J P Morgan Chase & Co Reiterates Overweight Rating for lululemon athletica (LULU)

lululemon athletica (NASDAQ:LULU)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. They presently have a $79.00 price objective on the apparel retailer’s stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 16.76% from the company’s current price.

Several other research firms have also commented on LULU. Needham & Company LLC set a $69.00 price target on shares of lululemon athletica and gave the company a “buy” rating in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of lululemon athletica in a research note on Friday, August 25th. Stifel Nicolaus increased their target price on shares of lululemon athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday. B. Riley increased their target price on shares of lululemon athletica from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.18.

Shares of lululemon athletica (NASDAQ LULU) opened at $67.66 on Thursday. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $72.70. The company has a market cap of $8,983.88, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. analysts predict that lululemon athletica will post 2.43 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of lululemon athletica by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 284,524 shares of the apparel retailer’s stock worth $14,755,000 after buying an additional 6,448 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in lululemon athletica by 77.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 190,439 shares of the apparel retailer’s stock valued at $11,363,000 after purchasing an additional 83,300 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in lululemon athletica by 6.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,918 shares of the apparel retailer’s stock valued at $1,427,000 after purchasing an additional 1,449 shares during the last quarter. CIBC Asset Management Inc purchased a new position in lululemon athletica in the 2nd quarter valued at approximately $291,000. Finally, State of New Jersey Common Pension Fund D boosted its position in lululemon athletica by 11.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 49,000 shares of the apparel retailer’s stock valued at $2,924,000 after buying an additional 5,000 shares during the period. Institutional investors own 79.45% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “J P Morgan Chase & Co Reiterates Overweight Rating for lululemon athletica (LULU)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3079278/j-p-morgan-chase-co-reiterates-overweight-rating-for-lululemon-athletica-lulu.html.

About lululemon athletica

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 (NASDAQ:LULU)

Receive News & Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.