Recent Investment Analysts’ Ratings Changes for Lululemon Athletica (LULU)

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Lululemon Athletica (NASDAQ: LULU) recently received a number of ratings updates from brokerages and research firms:

  • 9/5/2018 – Lululemon Athletica was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $181.00 price target on the stock. According to Zacks, “lululemon has surpassed the industry in the past three months attributable to a robust surprise trend driven by the progress on its strategy for 2020 with stringent focus on digital and international growth. Second-quarter fiscal 2018 marked its sixth consecutive earnings beat and 11th straight positive sales surprise. Results reflected broad-based growth across all categories, channels and geographies. The company also witnessed significant comps growth driven by traffic growth across channels, led by the success of its strategy to acquire guests. The company expects the momentum from the first and second quarters of fiscal 2018 to continue in the fiscal third quarter. Consequently, management provided a solid view for the fiscal third quarter and raised its guidance for fiscal 2018. However, stiff competition and volatile consumer spending patterns may pose concerns. The rise in competition has been a threat to margins.”
  • 9/5/2018 – Lululemon Athletica had its price target raised by analysts at UBS Group AG from $130.00 to $165.00. They now have a “neutral” rating on the stock.
  • 9/4/2018 – Lululemon Athletica had its price target raised by analysts at Morgan Stanley from $108.00 to $133.00. They now have an “equal weight” rating on the stock.
  • 9/4/2018 – Lululemon Athletica had its price target raised by analysts at Argus to $180.00. They now have a “buy” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at JPMorgan Chase & Co. to $180.00. They now have an “overweight” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Barclays PLC from $150.00 to $200.00. They now have an “overweight” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Oppenheimer Holdings Inc. to $180.00. They now have an “outperform” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Telsey Advisory Group from $145.00 to $170.00. They now have an “outperform” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Citigroup Inc from $127.00 to $152.00. They now have a “neutral” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at B. Riley from $112.00 to $141.00. They now have a “neutral” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Stifel Nicolaus from $113.00 to $150.00. They now have a “hold” rating on the stock.
  • 8/31/2018 – Lululemon Athletica was given a new $144.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/31/2018 – Lululemon Athletica was given a new $174.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 8/31/2018 – Lululemon Athletica was given a new $175.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at SunTrust Banks, Inc. to $162.00. They now have a “buy” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Deutsche Bank AG from $138.00 to $162.00. They now have a “buy” rating on the stock.
  • 8/31/2018 – Lululemon Athletica had its price target raised by analysts at Bank of America Corp from $150.00 to $172.00. They now have a “buy” rating on the stock.
  • 8/29/2018 – Lululemon Athletica was given a new $131.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 8/28/2018 – Lululemon Athletica had its price target raised by analysts at Credit Suisse Group AG from $125.00 to $154.00. They now have an “outperform” rating on the stock.
  • 8/24/2018 – Lululemon Athletica was given a new $150.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 8/24/2018 – Lululemon Athletica had its price target raised by analysts at Bank of America Corp from $140.00 to $150.00. They now have a “buy” rating on the stock.
  • 8/22/2018 – Lululemon Athletica was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/21/2018 – Lululemon Athletica had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 8/20/2018 – Lululemon Athletica was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/20/2018 – Lululemon Athletica had its price target raised by analysts at Buckingham Research from $110.00 to $130.00. They now have a “neutral” rating on the stock.
  • 8/20/2018 – Lululemon Athletica had its price target raised by analysts at Deutsche Bank AG from $137.00 to $138.00. They now have a “buy” rating on the stock.
  • 8/16/2018 – Lululemon Athletica was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock.
  • 8/15/2018 – Lululemon Athletica had its price target raised by analysts at B. Riley from $112.00 to $128.00. They now have a “neutral” rating on the stock.
  • 8/3/2018 – Lululemon Athletica was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “lululemon has outperformed the industry in the past three months, mainly attributable to a robust surprise trend driven by the progress on its strategy for 2020 and focus on ivivva’s remodeling. While first-quarter fiscal 2018 marked its fifth consecutive earnings beat, sales topped estimates for the 10th straight quarter. Results were mainly driven by synergies from product innovation, international expansion and digital acceleration, which collectively reflect strength of the company’s business. Improvements in product margins and cost efficiencies, as well as the introduction of new store formats aided results. Moreover, the company provided an encouraging outlook for the second quarter and raised its view for fiscal 2018. However, stiff competition and volatile consumer spending patterns may pose concerns. The rise in competition has been a threat to margins.”
  • 7/28/2018 – Lululemon Athletica was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/25/2018 – Lululemon Athletica was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/12/2018 – Lululemon Athletica had its price target raised by analysts at Citigroup Inc from $112.00 to $127.00. They now have a “neutral” rating on the stock.
  • 7/9/2018 – Lululemon Athletica had its price target raised by analysts at Oppenheimer Holdings Inc. from $125.00 to $140.00. They now have an “outperform” rating on the stock.
  • 7/9/2018 – Lululemon Athletica had its price target raised by analysts at Cowen Inc from $120.00 to $137.00. They now have an “outperform” rating on the stock.

Shares of Lululemon Athletica stock traded up $2.14 during trading on Thursday, hitting $154.88. 10,185 shares of the stock traded hands, compared to its average volume of 2,289,668. The firm has a market capitalization of $21.02 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 2.69 and a beta of 0.11. Lululemon Athletica inc. has a 52 week low of $57.19 and a 52 week high of $160.00.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.49 by $0.22. The firm had revenue of $723.50 million for the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period in the prior year, the company earned $0.39 EPS. analysts expect that Lululemon Athletica inc. will post 3.56 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Private Capital Group LLC boosted its holdings in Lululemon Athletica by 103.3% during the 1st quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock valued at $109,000 after acquiring an additional 621 shares during the period. Northwest Wealth Management LLC purchased a new stake in Lululemon Athletica during the 2nd quarter valued at about $125,000. Synovus Financial Corp purchased a new stake in Lululemon Athletica during the 2nd quarter valued at about $127,000. Smithfield Trust Co. boosted its holdings in Lululemon Athletica by 247.8% during the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock valued at $160,000 after acquiring an additional 917 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Lululemon Athletica by 104.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock valued at $177,000 after acquiring an additional 722 shares during the period. Hedge funds and other institutional investors own 77.64% of the company’s stock.

lululemon athletica inc., an athletic apparel company, 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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