BMO Capital Markets Analysts Give lululemon athletica inc. (LULU) a $55.00 Price Target

BMO Capital Markets set a $55.00 price objective on lululemon athletica inc. (NASDAQ:LULU) in a research report released on Tuesday, August 8th. The firm currently has a hold rating on the apparel retailer’s stock.

Several other brokerages have also recently issued reports on LULU. Cowen and Company set a $64.00 target price on lululemon athletica inc. and gave the stock a buy rating in a research report on Thursday, April 20th. Vetr downgraded lululemon athletica inc. from a buy rating to a hold rating and set a $54.75 price objective on the stock. in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a hold rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a hold rating and issued a $59.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $58.00 price objective (up previously from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have issued a buy rating to the company. lululemon athletica inc. presently has an average rating of Hold and an average price target of $64.75.

Shares of lululemon athletica inc. (LULU) traded down 1.41% during midday trading on Tuesday, reaching $58.13. The company had a trading volume of 1,684,821 shares. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 27.54 and a beta of 0.25. The company has a 50 day moving average of $60.38 and a 200 day moving average of $58.01.

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. Analysts anticipate that lululemon athletica inc. will post $2.34 EPS for the current year.

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In other news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock valued at $238,000 after buying an additional 84 shares in the last quarter. Comerica Bank boosted its stake in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 97 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock valued at $3,072,000 after buying an additional 173 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after buying an additional 237 shares in the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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