UBS Group Reiterates $210.00 Price Target for Lululemon Athletica (NASDAQ:LULU)
Lululemon Athletica (NASDAQ:LULU) has been given a $210.00 target price by investment analysts at UBS Group in a research note issued to investors on Monday, TipRanks reports. The brokerage presently has a “hold” rating on the apparel retailer’s stock. UBS Group’s price objective would suggest a potential upside of 6.92% from the company’s current price.
Several other brokerages have also recently issued reports on LULU. Credit Suisse Group restated an “outperform” rating and set a $235.00 price objective (up from $198.00) on shares of Lululemon Athletica in a research note on Friday, September 6th. Wedbush boosted their target price on shares of Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. They noted that the move was a valuation call. Bank of America increased their target price on shares of Lululemon Athletica from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Canaccord Genuity raised their price target on shares of Lululemon Athletica from $191.00 to $194.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, MKM Partners lifted their price target on shares of Lululemon Athletica from $215.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $204.64.
NASDAQ LULU traded up $3.15 on Monday, hitting $196.41. 2,050,080 shares of the stock traded hands, compared to its average volume of 2,127,771. The stock has a 50-day moving average of $184.73 and a 200 day moving average of $173.28. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $204.44. The company has a market capitalization of $25.32 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38.
In other news, Director Dennis J. Wilson sold 164,061 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $704,492.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $186.10, for a total value of $834,472.40. Following the transaction, the director now directly owns 18,947 shares in the company, valued at $3,526,036.70. The disclosure for this sale can be found here. Insiders sold 425,032 shares of company stock worth $80,229,658 in the last 90 days. 0.34% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Meridian Wealth Management LLC acquired a new position in Lululemon Athletica during the first quarter worth about $25,000. Virtus ETF Advisers LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth approximately $27,000. SevenBridge Financial Group LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth approximately $35,000. Cordasco Financial Network bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth approximately $36,000. Finally, Winslow Evans & Crocker Inc. raised its holdings in shares of Lululemon Athletica by 2,000.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.
Lululemon Athletica Company Profile
lululemon athletica inc., 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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