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Lululemon Athletica Inc Add to portfolio

COMP:LULU, Sep 21, 03:29 UTC

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Tuesday, September 17


News

Cowen: Lululemon's Chicago Store Could Set New Retail Standard

LULU

Cowen: Lululemon's Chicago Store Could Set New Retail Standard. Cowen raised its price target for Lululemon Athletica inc. (NASDAQ: LULU) after meeting with the athletic apparel maker's management team this week. Kernan met with Lululemon management and toured its new 20,000-square-foot store in Chicago. Lululemon's massive new store in the Lincoln Park neighborhood of Chicago is critical to future growth, as 10% of the store base could be in this format by 2023, he said.

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Monday, September 16


News

Lululemon Athletica: Next Stop Is the Moon

LULU

Lululemon Athletica (NASDAQ:LULU) has never seen its stock price this high. After continually beating earnings expectations quarter after quarter, and further raising its earnings estimates, the athletic apparel retailer has achieved yet another all-time peak stock price. In its recent quarter, the $27 billion company reported 17% comparable sales growth and strong 35% earnings-per-share growth. Along with the broader market indices, it took about four months for Lululemon to shed nearly a third of its value late last year before it started to recover and ride the rising tide as it consistently beat market expectations.

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Lululemon Athletica inc. (NASDAQ:LULU) Shares Purchased by Axa – TechNewsObserver

LULU

Axa increased its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after acquiring an additional 3,732,291 shares in the last quarter. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a research note on Monday, September 9th. In other news, Director David M. Mussafer sold 4,484 shares of Lululemon Athletica stock in a transaction dated Thursday, June 20th.

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Credit Suisse Group Reaffirms Outperform Rating for Lululemon Athletica (NASDAQ:LULU) – TechNewsObserver

LULU

JPMorgan Chase & Co. raised their target price on Lululemon Athletica from $197.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, June 13th. Lululemon Athletica has a fifty-two week low of $110.71 and a fifty-two week high of $204.44. In other news, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction dated Thursday, August 22nd. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after acquiring an additional 3,732,291 shares in the last quarter.

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Sunday, September 15


News

Bank of America Boosts Lululemon Athletica (NASDAQ:LULU) Price Target to $230.00 – TechNewsObserver

LULU

Jefferies Financial Group lowered shares of Lululemon Athletica to a hold rating and lifted their target price for the company from $156.00 to $175.00 in a research report on Thursday, June 13th. The firm has a market cap of $25.89 billion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. During the same quarter last year, the firm posted $0.71 EPS. As a group, research analysts anticipate that Lululemon Athletica will post 4.74 EPS for the current year. In other Lululemon Athletica news, Director Dennis J. Wilson sold 110,629 shares of the stock in a transaction on Monday, August 26th.

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Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $216.00 – TechNewsObserver

LULU DBK

Lululemon Athletica (NASDAQ:LULU) had its price objective upped by stock analysts at Deutsche Bank from $205.00 to $216.00 in a research report issued to clients and investors on Friday, September 6th, The Fly reports. Deutsche Bank’s price target would suggest a potential upside of 10.67% from the company’s current price. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica will post 4.74 EPS for the current fiscal year.

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Lululemon Athletica (NASDAQ:LULU) Receives Buy Rating from Bank of America – TechNewsObserver

LULU BAC +1 more LULU BAC AVGO

Finally, Canaccord Genuity boosted their target price on shares of Lululemon Athletica from $191.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The firm has a market cap of $25.59 billion, a P/E ratio of 50.83, a PEG ratio of 2.28 and a beta of 0.65. Meridian Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the first quarter valued at $25,000.

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Monday, September 09


News

Why Lululemon Thrives as Other Apparel Retailers Die

LULU

Let's see how Lululemon avoided the industry headwinds of sluggish mall traffic, competition from fast fashion rivals and e-tailers, shifting consumer tastes, and tariffs -- and why its core business keeps firing on all cylinders. Lululemon's revenue rose 22% annually to $883 million during the quarter, beating estimates by $38 million. Its total comparable store sales rose 15% (17% in constant currency terms), marking its seventh straight quarter of double-digit comps growth. Those growth rates put Lululemon on track to accomplish its five-year goals, which include doubling its digital and men's revenue, quadrupling its international revenue, and growing its comps by the low double-digits annually through the end of 2023.

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Lululemon Athletica’s (LULU) Hold Rating Reiterated at KeyCorp – TechNewsObserver

LULU

KeyCorp also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.09 EPS, FY2020 earnings at $4.71 EPS, Q1 2021 earnings at $0.90 EPS, Q2 2021 earnings at $1.15 EPS, Q4 2021 earnings at $2.44 EPS, FY2021 earnings at $5.60 EPS, FY2022 earnings at $6.48 EPS, FY2023 earnings at $7.41 EPS and FY2024 earnings at $8.41 EPS. Finally, 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. On average, equities research analysts forecast that Lululemon Athletica will post 4.7 earnings per share for the current fiscal year. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after purchasing an additional 3,732,291 shares in the last quarter.

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Buy Lululemon (LULU) Stock at New Highs on Digital & Menswear Growth?

LULU NKE

Buy Lululemon (LULU) Stock at New Highs on Digital & Menswear Growth? Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Lululemon’s LULU Q2 2019 financial results that wowed Wall Street last week. The episode then dives into what investors need to know from the yoga and athleisure retailer’s earnings call and what’s next, to help see if people should buy and perhaps hold the stock that has crushed its industry and sportswear giant Nike NKE. Meanwhile, LULU, which is a Zacks Rank #2 (Buy), appears to be a standout in the broader retail industry, especially compared to department stores like Nordstrom JWN and Macy’s M. As a reminder, if you feel that we missed something, or if you have any topic suggestions, shoot us an email at podcast@zacks.com.

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