Lululemon Athletica (NASDAQ:LULU) had its target price upped by DA Davidson to $180.00 in a research report report published on Thursday, The Fly reports. They currently have a neutral rating on the apparel retailer’s stock. DA Davidson also issued estimates for Lululemon Athletica’s Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.93 EPS, Q4 2020 earnings at $2.20 EPS, FY2020 earnings at $4.77 EPS, Q1 2021 earnings at $0.87 EPS, Q2 2021 earnings at $1.09 EPS, Q3 2021 earnings at $1.11 EPS, Q4 2021 earnings at $2.58 EPS and FY2021 earnings at $5.64 EPS.
A number of other analysts also recently commented on the stock. Macquarie upgraded shares of Lululemon Athletica from an underperform rating to a neutral rating in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Lululemon Athletica from a sell rating to a hold rating in a research report on Tuesday, April 9th. Jefferies Financial Group downgraded shares of Lululemon Athletica to a hold rating and boosted their price target for the stock from $156.00 to $175.00 in a research report on Thursday. Credit Suisse Group boosted their price target on shares of Lululemon Athletica from $190.00 to $195.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. Finally, Bank of America boosted their price target on shares of Lululemon Athletica from $185.00 to $193.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $187.07.
Lululemon Athletica stock opened at $174.52 on Thursday. The stock has a market cap of $22.38 billion, a price-to-earnings ratio of 45.45, a PEG ratio of 2.02 and a beta of 0.60. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $182.89.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The firm had revenue of $782.30 million during the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.60%. Lululemon Athletica’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Equities research analysts predict that Lululemon Athletica will post 4.6 earnings per share for the current fiscal year.
Lululemon Athletica declared that its board has approved a share buyback program on Wednesday, March 27th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the apparel retailer to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In related news, insider Michelle Sun Choe sold 6,170 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $170.92, for a total value of $1,054,576.40. Following the completion of the transaction, the insider now owns 11,294 shares of the company’s stock, valued at $1,930,370.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Celeste Burgoyne sold 19,199 shares of Lululemon Athletica stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $166.54, for a total value of $3,197,401.46. Following the completion of the transaction, the executive vice president now owns 18,019 shares in the company, valued at approximately $3,000,884.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 519,344 shares of company stock valued at $79,873,942. Company insiders own 0.32% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Lululemon Athletica by 11,283.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 4,023,801 shares during the period. Jennison Associates LLC lifted its stake in Lululemon Athletica by 144.2% in the first quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock valued at $1,035,850,000 after buying an additional 3,732,291 shares during the period. Norges Bank acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $161,284,000. Vanguard Group Inc lifted its stake in Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after buying an additional 899,080 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Lululemon Athletica in the first quarter valued at approximately $107,056,000. Institutional investors own 80.78% of the company’s stock.
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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