Deutsche Bank Aktiengesellschaft Boosts Lululemon Athletica (NASDAQ:LULU) Price Target to $292.00

Lululemon Athletica (NASDAQ:LULU) had its price target boosted by Deutsche Bank Aktiengesellschaft from $291.00 to $292.00 in a research report released on Friday, BayStreet.CA reports. Deutsche Bank Aktiengesellschaft currently has a neutral rating on the apparel retailer’s stock.

Several other equities analysts have also recently issued reports on the company. HSBC raised Lululemon Athletica from a hold rating to a buy rating and upped their price objective for the company from $405.00 to $425.00 in a research report on Thursday, June 6th. Morgan Stanley reduced their price objective on Lululemon Athletica from $404.00 to $329.00 and set an overweight rating for the company in a report on Monday, August 26th. Stifel Nicolaus lowered their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a buy rating on the stock in a research note on Thursday, August 22nd. Wedbush reduced their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an outperform rating for the company in a research note on Wednesday, August 28th. Finally, UBS Group lowered their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a neutral rating on the stock in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $355.74.

Lululemon Athletica Trading Up 0.2 %

NASDAQ LULU opened at $259.47 on Friday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39. The stock’s fifty day moving average price is $271.56 and its 200-day moving average price is $338.17. The stock has a market cap of $32.43 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.40 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.69%. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.68 EPS. As a group, analysts forecast that Lululemon Athletica will post 13.9 earnings per share for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds have recently modified their holdings of the stock. Tidemark LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter worth about $26,000. Benjamin Edwards Inc. lifted its position in shares of Lululemon Athletica by 176.0% in the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after buying an additional 44 shares in the last quarter. Riverview Trust Co purchased a new position in Lululemon Athletica during the 1st quarter valued at approximately $29,000. Finally, Larson Financial Group LLC increased its stake in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.