Lululemon Athletica (NASDAQ:LULU) Lifted to Buy at BidaskClub

Lululemon Athletica (NASDAQ:LULU) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, BidAskClub reports.

A number of other research analysts also recently commented on LULU. Wells Fargo & Co upped their price objective on shares of Lululemon Athletica from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Jefferies Financial Group upped their price objective on shares of Lululemon Athletica from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, September 6th. B. Riley upped their price objective on shares of Lululemon Athletica from $176.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Lululemon Athletica in a research note on Friday, September 6th. Finally, Zacks Investment Research raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Monday, September 9th. Thirteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $211.79.

Shares of Lululemon Athletica stock traded up $0.19 on Tuesday, hitting $217.23. The company’s stock had a trading volume of 22,315 shares, compared to its average volume of 2,012,296. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $219.97. 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 firm has a fifty day moving average price of $203.23 and a 200-day moving average price of $187.33. The company has a market capitalization of $28.13 billion, a P/E ratio of 56.75, a price-to-earnings-growth ratio of 2.51 and a beta of 0.67.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The business had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica will post 4.74 earnings per share for the current year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 46,725 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $754,760.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis J. Wilson sold 110,629 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the sale, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders sold 256,487 shares of company stock valued at $49,390,070 in the last ninety days. 0.34% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Next Capital Management LLC boosted its stake in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock valued at $79,000 after buying an additional 59 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Lululemon Athletica by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 68 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 70.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 70 shares during the last quarter. Advantage Investment Management LLC boosted its stake in shares of Lululemon Athletica by 9.4% during the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after buying an additional 73 shares during the last quarter. Finally, West Oak Capital LLC lifted its stake in 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 during the last quarter. Institutional investors own 80.29% 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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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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