Lululemon Athletica (NASDAQ:LULU) had its price target raised by B. Riley from $165.00 to $176.00 in a research note published on Monday, BenzingaRatingsTable reports. B. Riley currently has a neutral rating on the apparel retailer’s stock. B. Riley also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.10 EPS, FY2020 earnings at $4.57 EPS and FY2021 earnings at $5.43 EPS.
Several other research analysts have also commented on the company. Canaccord Genuity lifted their price target on Lululemon Athletica from $191.00 to $194.00 and gave the stock a buy rating in a report on Thursday, June 13th. Morgan Stanley lifted their price target on Lululemon Athletica from $160.00 to $163.00 and gave the stock an equal weight rating in a report on Thursday, June 13th. Stifel Nicolaus reiterated a buy rating and set a $238.00 price target (up previously from $209.00) on shares of Lululemon Athletica in a report on Friday, July 12th. Royal Bank of Canada reiterated an equal weight rating on shares of Lululemon Athletica in a report on Friday, June 14th. Finally, Credit Suisse Group lifted their price target on Lululemon Athletica from $190.00 to $195.00 and gave the stock an outperform rating in a report on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $192.89.
Shares of LULU stock opened at $183.97 on Monday. The stock’s fifty day moving average is $184.55 and its two-hundred day moving average is $169.50. 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 firm has a market capitalization of $23.41 billion, a P/E ratio of 44.36, a PEG ratio of 2.08 and a beta of 0.62. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $194.25.
In related news, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the sale, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Executive Wealth Management LLC increased its position in shares of Lululemon Athletica by 7.6% during the 2nd quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock worth $1,693,000 after purchasing an additional 663 shares during the last quarter. CENTRAL TRUST Co grew its position in Lululemon Athletica by 85.0% in the 2nd quarter. CENTRAL TRUST Co now owns 1,121 shares of the apparel retailer’s stock valued at $205,000 after acquiring an additional 515 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Lululemon Athletica by 16.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,799 shares of the apparel retailer’s stock valued at $1,442,000 after acquiring an additional 1,259 shares in the last quarter. Swiss National Bank grew its position in Lululemon Athletica by 10.8% in the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock valued at $66,093,000 after acquiring an additional 35,800 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its position in Lululemon Athletica by 18.5% in the 1st quarter. Belpointe Asset Management LLC now owns 1,825 shares of the apparel retailer’s stock valued at $299,000 after acquiring an additional 285 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.
About Lululemon Athletica
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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