Stifel Nicolaus Reiterates Buy Rating for Lululemon Athletica (NASDAQ:LULU)

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Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research note issued on Friday, Marketbeat reports. They presently have a $238.00 target price on the apparel retailer’s stock, up from their previous target price of $209.00. Stifel Nicolaus’ price objective points to a potential upside of 25.58% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. MKM Partners upped their price target on shares of Lululemon Athletica from $189.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Guggenheim upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $35.00 in a research report on Thursday, June 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $205.00 price objective (up previously from $200.00) on shares of Lululemon Athletica in a research note on Thursday, June 13th. Deutsche Bank upped their price objective on shares of Lululemon Athletica from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Finally, Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica has an average rating of “Buy” and an average target price of $190.34.

LULU opened at $189.52 on Friday. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $190.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 2.33. The stock’s 50-day moving average is $177.19. The firm has a market cap of $23.85 billion, a P/E ratio of 49.35, a PEG ratio of 2.12 and a beta of 0.64.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The firm had revenue of $782.30 million during the quarter, compared to the consensus estimate of $755.92 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Lululemon Athletica will post 4.7 earnings per share for the current year.

Lululemon Athletica announced that its board has authorized a stock repurchase plan on Wednesday, March 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the apparel retailer to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director David M. Mussafer sold 4,484 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $25,000. Meridian Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $33,000. PRW Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $34,000. Finally, Cordasco Financial Network purchased a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $36,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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