Lululemon Athletica (NASDAQ:LULU) Reaches New 12-Month High at $230.82

Lululemon Athletica inc. (NASDAQ:LULU)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $230.82 and last traded at $230.77, with a volume of 1179076 shares traded. The stock had previously closed at $225.58.

Several equities research analysts recently commented on LULU shares. Stifel Nicolaus set a $238.00 price objective on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Co raised their target price on shares of Lululemon Athletica from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 4th. DA Davidson restated a “neutral” rating and set a $185.00 target price on shares of Lululemon Athletica in a research report on Friday, September 6th. Zacks Investment Research raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Monday, September 9th. Finally, Raymond James started coverage on shares of Lululemon Athletica in a report on Tuesday, November 5th. They issued a “strong-buy” rating and a $275.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $216.48.

The stock has a fifty day moving average price of $211.79 and a 200-day moving average price of $191.06. The firm has a market cap of $29.40 billion, a PE ratio of 60.10, a PEG ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. The firm 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 earnings per share. As a group, equities analysts predict that Lululemon Athletica inc. will post 4.74 earnings per share for the current fiscal year.

In other news, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $777,295.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $754,760.88. The disclosure for this sale can be found here. 0.34% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock worth $1,813,552,000 after buying an additional 519,269 shares in the last quarter. Jennison Associates LLC raised its position in shares of Lululemon Athletica by 39.6% during the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after acquiring an additional 2,504,324 shares in the last quarter. BlackRock Inc. raised its position 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 valued at $1,241,057,000 after acquiring an additional 990,207 shares in the last quarter. Invesco Ltd. lifted its stake in Lululemon Athletica by 31.2% during the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock worth $315,490,000 after purchasing an additional 416,753 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Lululemon Athletica during the second quarter worth $211,310,000. 79.81% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Company Profile (NASDAQ:LULU)

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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