Lululemon Athletica (NASDAQ:LULU) Rating Lowered to Hold at BidaskClub

Lululemon Athletica (NASDAQ:LULU) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday, BidAskClub reports.

LULU has been the topic of a number of other research reports. Deutsche Bank dropped their target price on Lululemon Athletica from $341.00 to $298.00 and set a “hold” rating on the stock in a research report on Wednesday, September 9th. Robert W. Baird boosted their price target on Lululemon Athletica from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. MKM Partners boosted their price target on Lululemon Athletica from $230.00 to $378.00 and gave the company a “buy” rating in a report on Monday, June 8th. Citigroup downgraded Lululemon Athletica from a “buy” rating to a “neutral” rating and boosted their price target for the company from $340.00 to $400.00 in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Lululemon Athletica from $380.00 to $387.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $355.58.

Shares of NASDAQ LULU opened at $294.76 on Friday. The business’s 50 day moving average price is $348.49 and its 200 day moving average price is $277.27. The firm has a market cap of $40.86 billion, a P/E ratio of 74.72, a P/E/G ratio of 3.88 and a beta of 1.14. Lululemon Athletica has a 52 week low of $128.85 and a 52 week high of $399.90. The company has a quick ratio of 1.07, a current ratio of 1.95 and a debt-to-equity ratio of 0.32.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.18. The firm had revenue of $902.90 million for the quarter, compared to analyst estimates of $847.38 million. Lululemon Athletica had a return on equity of 29.52% and a net margin of 13.94%. Lululemon Athletica’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, research analysts expect that Lululemon Athletica will post 4.41 earnings per share for the current year.

In other Lululemon Athletica news, insider Michelle Sun Choe sold 4,744 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $312.15, for a total value of $1,480,839.60. Following the completion of the sale, the insider now directly owns 10,370 shares in the company, valued at approximately $3,236,995.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Celeste Burgoyne sold 368 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $312.32, for a total value of $114,933.76. Following the completion of the sale, the executive vice president now owns 15,773 shares of the company’s stock, valued at $4,926,223.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,835 shares of company stock valued at $3,034,021. 0.32% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Rockbridge Investment Management LCC purchased a new position in shares of Lululemon Athletica during the 2nd quarter worth $26,000. First Horizon Advisors Inc. grew its holdings in shares of Lululemon Athletica by 100.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 94 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 47 shares during the period. Capital Analysts LLC purchased a new position in shares of Lululemon Athletica during the 2nd quarter worth $31,000. Loomis Sayles & Co. L P purchased a new position in shares of Lululemon Athletica during the 1st quarter worth $48,000. Finally, Procyon Private Wealth Partners LLC grew its holdings in shares of Lululemon Athletica by 511.6% during the 1st quarter. Procyon Private Wealth Partners LLC now owns 263 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 220 shares during the period. Institutional investors own 83.33% of the company’s stock.

Lululemon Athletica Company Profile

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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