A number of firms have modified their ratings and price targets on shares of Lululemon Athletica (NASDAQ: LULU) recently:

  • 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.
  • 7/6/2018 – Lululemon Athletica had its price target raised by analysts at Bank of America Corp from $121.00 to $140.00. They now have a “buy” rating on the stock.
  • 6/26/2018 – Lululemon Athletica had its price target raised by analysts at Citigroup Inc from $117.00 to $137.00. They now have a “buy” rating on the stock.
  • 6/25/2018 – Lululemon Athletica is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $133.00 price target on the stock.
  • 6/21/2018 – Lululemon Athletica is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $130.00 price target on the stock.

Shares of NASDAQ:LULU traded up $0.72 during trading hours on Friday, hitting $130.19. The company’s stock had a trading volume of 1,061,500 shares, compared to its average volume of 1,945,504. Lululemon Athletica inc. has a 52 week low of $56.56 and a 52 week high of $131.88. The firm has a market cap of $17.71 billion, a P/E ratio of 50.27, a P/E/G ratio of 2.58 and a beta of -0.03.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, May 31st. The apparel retailer reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. Lululemon Athletica had a net margin of 10.89% and a return on equity of 25.46%. The business had revenue of $649.70 million during the quarter, compared to analyst estimates of $616.69 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. sell-side analysts expect that Lululemon Athletica inc. will post 3.22 EPS for the current fiscal year.

In other news, Director David M. Mussafer sold 17,935 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total value of $2,170,135.00. Following the transaction, the director now owns 18,202 shares of the company’s stock, valued at approximately $2,202,442. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder International Corp/Ma Advent sold 10,000,000 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total transaction of $1,210,000,000.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of LULU. Laurion Capital Management LP grew its position in Lululemon Athletica by 6,457.1% during the 2nd quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock worth $200,569,000 after purchasing an additional 1,581,978 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in Lululemon Athletica during the 2nd quarter worth approximately $130,068,000. BlackRock Inc. grew its position in Lululemon Athletica by 19.3% during the 2nd quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock worth $752,900,000 after purchasing an additional 974,511 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Lululemon Athletica by 10,743.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock worth $107,206,000 after purchasing an additional 850,757 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Lululemon Athletica by 91.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock worth $124,912,000 after purchasing an additional 476,803 shares during the last quarter. 82.31% of the stock is currently owned by hedge funds and other institutional investors.

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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