Lululemon Athletica inc. (NASDAQ:LULU) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of Lululemon Athletica inc. (NASDAQ:LULU) have received a consensus recommendation of “Buy” from the thirty-five analysts that are covering the firm, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $212.21.

A number of brokerages have issued reports on LULU. JPMorgan Chase & Co. boosted their price target on Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Wells Fargo & Co boosted their price target on Lululemon Athletica from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price target on Lululemon Athletica from $175.00 to $200.00 and gave the company a “hold” rating in a report on Friday, September 6th. B. Riley boosted their price target on Lululemon Athletica from $176.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Telsey Advisory Group boosted their price target on Lululemon Athletica from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, September 6th.

In other news, Director Dennis J. Wilson sold 110,629 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $195.94, for a total value of $9,155,296.50. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $754,760.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 420,548 shares of company stock valued at $79,395,186. Corporate insiders own 0.34% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Next Capital Management LLC increased its position in shares of Lululemon Athletica by 15.6% during the second quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 59 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Lululemon Athletica by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 68 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 70 shares in the last quarter. Advantage Investment Management LLC increased its position in shares of Lululemon Athletica by 9.4% during the second quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock worth $153,000 after purchasing an additional 73 shares in the last quarter. Finally, West Oak Capital LLC increased its position in shares of Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 80.10% of the company’s stock.

Lululemon Athletica stock opened at $211.11 on Thursday. Lululemon Athletica has a 52 week low of $110.71 and a 52 week high of $211.31. The company has a market capitalization of $26.59 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67. The stock has a 50-day moving average price of $199.78 and a 200 day moving average price of $185.96. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company had revenue of $883.35 million during the quarter, compared to the consensus estimate of $845.03 million. During the same period in the previous year, the company posted $0.71 earnings per share. Lululemon Athletica’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica will post 4.74 EPS for the current fiscal year.

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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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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