Susquehanna began coverage on shares of Lululemon Athletica Inc. (NASDAQ:LULU) in a report issued on Thursday morning. The brokerage issued a positive rating and a $77.00 price target on the apparel retailer’s stock.

A number of other research firms have also weighed in on LULU. Zacks Investment Research lowered shares of Lululemon Athletica from a hold rating to a sell rating in a research report on Wednesday, August 24th. KeyCorp boosted their target price on shares of Lululemon Athletica from $85.00 to $89.00 and gave the stock an overweight rating in a research report on Thursday, August 11th. Telsey Advisory Group boosted their target price on shares of Lululemon Athletica from $82.00 to $92.00 and gave the stock an outperform rating in a research report on Monday, August 15th. Jefferies Group restated a buy rating on shares of Lululemon Athletica in a report on Monday, August 1st. Finally, Credit Suisse Group AG restated an outperform rating and set a $76.00 price objective on shares of Lululemon Athletica in a report on Monday, August 29th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $71.92.

Shares of Lululemon Athletica (NASDAQ:LULU) opened at 65.69 on Thursday. Lululemon Athletica has a 12-month low of $43.14 and a 12-month high of $81.81. The company has a market cap of $9.00 billion, a PE ratio of 33.70 and a beta of 0.65. The stock’s 50 day moving average price is $74.48 and its 200-day moving average price is $69.48.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The firm earned $514.52 million during the quarter. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Lululemon Athletica will post $2.13 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Lone Pine Capital LLC raised its position in shares of Lululemon Athletica by 42.9% in the second quarter. Lone Pine Capital LLC now owns 7,410,304 shares of the apparel retailer’s stock valued at $547,325,000 after buying an additional 2,224,220 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lululemon Athletica by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,057,420 shares of the apparel retailer’s stock valued at $521,261,000 after buying an additional 139,604 shares in the last quarter. Jennison Associates LLC raised its position in shares of Lululemon Athletica by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock valued at $460,496,000 after buying an additional 5,510,939 shares in the last quarter. State Street Corp raised its position in shares of Lululemon Athletica by 3.7% in the first quarter. State Street Corp now owns 2,036,631 shares of the apparel retailer’s stock valued at $137,900,000 after buying an additional 72,362 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its position in shares of Lululemon Athletica by 20.0% in the second quarter. Waddell & Reed Financial Inc. now owns 1,250,852 shares of the apparel retailer’s stock valued at $92,388,000 after buying an additional 208,242 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

About Lululemon Athletica

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

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