Lululemon Athletica (LULU) Sets New 52-Week High and Low at $96.32

Shares of Lululemon Athletica (NASDAQ:LULU) reached a new 52-week high and low on Friday . The stock traded as low as $96.32 and last traded at $95.67, with a volume of 770967 shares trading hands. The stock had previously closed at $95.29.

Several analysts have recently weighed in on LULU shares. Stifel Nicolaus reiterated a “hold” rating on shares of Lululemon Athletica in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Cowen set a $90.00 price objective on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Thursday, January 18th. Citigroup lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, February 2nd. Sixteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.14.

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The firm has a market capitalization of $12,868.23, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.36 and a beta of 0.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $912.41 million. Lululemon Athletica had a net margin of 9.76% and a return on equity of 24.59%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. equities research analysts expect that Lululemon Athletica will post 3.09 EPS for the current fiscal year.

In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Lululemon Athletica by 4.8% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,004,622 shares of the apparel retailer’s stock worth $78,953,000 after buying an additional 45,572 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 976,136 shares of the apparel retailer’s stock worth $76,672,000 after buying an additional 6,483 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Lululemon Athletica by 340.6% in the 4th quarter. Millennium Management LLC now owns 855,796 shares of the apparel retailer’s stock worth $67,257,000 after buying an additional 661,547 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Lululemon Athletica by 37.6% in the 4th quarter. Jennison Associates LLC now owns 839,936 shares of the apparel retailer’s stock worth $66,011,000 after buying an additional 229,552 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Lululemon Athletica by 311.5% in the 4th quarter. Alliancebernstein L.P. now owns 691,777 shares of the apparel retailer’s stock worth $54,367,000 after buying an additional 523,653 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

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About Lululemon Athletica

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 and running; other sweaty pursuits; and athletic wear for female youth.

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