lululemon athletica inc. (NASDAQ:LULU) shares could still deliver more than 13.76 percent upside potential from the current levels. This is based on the revised price target of Stifel Nicolaus at $ 445.00 on the stock. Incidentally, the brokerage raised its price objective by $ 80 from its earlier level of $ 365.00. However, Stifel Nicolaus has retained its Buy rating on lululemon athletica inc. shares, Benzinga reported.
Shares of lululemon athletica inc. traded up $ 0.05 or 0.01 percent on Wednesday, reaching $ 391.21 with volume of 772.10 thousand shares. The stock opened positive for the day at $ 398.11, after closing the previous day trading at $ 391.16. According to the previous trading day, closing price of $ 391.16, representing a 203.58 % increase from the 52 week low of $ 128.85 and a 2.09 % decrease over the 52 week high of $ 399.50.
With respect to the key metrics, lululemon athletica inc. stock has advanced $ 120.85 or 45.00 percent, reaching $ 270.35 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 47.64 or 14.00 percent, before arriving at $ 343.57 during the SMA50-day period.
lululemon athletica inc. recently reported first quarter financial results on June 11, 2020, after market close, the Vancouver based company revealed income for the first quarter of $ 0.22 per share, from the revenue of $ 651.96 million. The quarterly earnings declined 70.27 percent while revenues contracted 13.67 percent compared with the same quarter last year. Street analysts expected lululemon athletica inc. to report income of $ 0.23 per share on revenue of $ 688.48 million for the first quarter. The bottom line results missed street analysts by $ 0.01 or 4.35 percent, at the same time, top line results fell short of analysts by $ 36.52 million or 5.3 percent.
Moving forward, analysts polled by Thomson Reuters anticipate second quarter income of $ 0.51 per share from revenue of $ 829.32 million. Looking ahead, the full year income are expected at $ 4.19 per share on the revenues of $ 3980.20 million.
Other analyst recommendations for lululemon athletica inc. Today
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- Maintained By Robert W. Baird At Outperform Rating, With $ 400.00 Target Price.
- Maintained By Deutsche Bank At Hold Rating, With $ 341.00 Target Price.
- Maintained By Wedbush At Neutral Rating, With $ 380.00 Target Price.
- Maintained By Piper Sandler At Overweight Rating, With $ 396.00 Target Price.
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.
