Zacks Investment Research upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning. They currently have $181.00 target price on the apparel retailer’s 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.”
A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of Lululemon Athletica from a buy rating to a hold rating in a research report on Saturday, July 28th. BidaskClub lowered shares of Lululemon Athletica from a strong-buy rating to a buy rating in a research report on Wednesday, July 25th. Oppenheimer boosted their target price on shares of Lululemon Athletica from $90.00 to $115.00 and gave the stock an outperform rating in a research report on Tuesday, May 29th. Morgan Stanley boosted their target price on shares of Lululemon Athletica from $85.00 to $108.00 and gave the stock an equal weight rating in a research report on Monday, June 4th. Finally, Argus raised shares of Lululemon Athletica from a hold rating to a buy rating and set a $150.00 target price for the company in a research report on Thursday, August 16th. Fifteen analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Lululemon Athletica presently has an average rating of Buy and an average price target of $143.19.
Lululemon Athletica stock opened at $150.82 on Wednesday. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 58.23, a PEG ratio of 2.26 and a beta of 0.11. Lululemon Athletica has a fifty-two week low of $57.19 and a fifty-two week high of $160.00.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.22. The firm had revenue of $723.50 million during the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. During the same quarter in the previous year, the business earned $0.39 EPS. equities analysts expect that Lululemon Athletica will post 3.56 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new stake in Lululemon Athletica in the second quarter valued at about $1,417,000. WINTON GROUP Ltd increased its stake in Lululemon Athletica by 61.7% in the second quarter. WINTON GROUP Ltd now owns 4,625 shares of the apparel retailer’s stock valued at $577,000 after acquiring an additional 1,765 shares during the period. Andra AP fonden bought a new stake in Lululemon Athletica in the second quarter valued at about $8,964,000. M Holdings Securities Inc. bought a new stake in Lululemon Athletica in the second quarter valued at about $361,000. Finally, Global X Management Co LLC increased its stake in Lululemon Athletica by 34.7% in the second quarter. Global X Management Co LLC now owns 6,290 shares of the apparel retailer’s stock valued at $785,000 after acquiring an additional 1,621 shares during the period. 77.64% of the stock is currently owned by institutional investors and hedge funds.
Lululemon Athletica Company Profile
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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