Lululemon Athletica (NASDAQ:LULU) PT Set at $210.00 by UBS Group

Share on StockTwits

Lululemon Athletica (NASDAQ:LULU) has been given a $210.00 price target by equities researchers at UBS Group in a research report issued on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the apparel retailer’s stock. UBS Group’s target price would suggest a potential upside of 6.92% from the company’s current price.

A number of other brokerages have also issued reports on LULU. Citigroup reiterated a “buy” rating on shares of Lululemon Athletica in a research note on Friday, September 6th. MKM Partners raised their price objective on shares of Lululemon Athletica from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Wedbush lifted their price objective on Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 6th. They noted that the move was a valuation call. BidaskClub raised Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Saturday, August 24th. Finally, Susquehanna Bancshares set a $222.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research report on Thursday, September 5th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $204.64.

Shares of NASDAQ LULU traded up $3.15 during mid-day trading on Monday, hitting $196.41. 2,050,080 shares of the company were exchanged, compared to its average volume of 2,127,771. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $184.73 and a 200-day simple moving average of $173.28. Lululemon Athletica has a 1-year low of $110.71 and a 1-year high of $204.44. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 51.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.07. The company had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. Lululemon Athletica’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Analysts anticipate that Lululemon Athletica will post 4.73 earnings per share for the current fiscal year.

In other news, Director Dennis J. Wilson sold 164,061 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the sale, the director now directly owns 3,852 shares in the company, valued at $704,492.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 425,032 shares of company stock valued at $80,229,658. Company insiders own 0.34% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Lululemon Athletica by 93.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,102 shares of the apparel retailer’s stock valued at $9,750,000 after purchasing an additional 26,148 shares in the last quarter. Atria Investments LLC raised its holdings in Lululemon Athletica by 13.1% in the 2nd quarter. Atria Investments LLC now owns 10,304 shares of the apparel retailer’s stock valued at $1,819,000 after acquiring an additional 1,196 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Lululemon Athletica by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 64,920 shares of the apparel retailer’s stock valued at $11,699,000 after acquiring an additional 6,417 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of Lululemon Athletica by 12.5% during the 2nd quarter. RFG Advisory LLC now owns 1,909 shares of the apparel retailer’s stock worth $344,000 after purchasing an additional 212 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Lululemon Athletica by 16.8% during the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock worth $1,241,057,000 after purchasing an additional 990,207 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.