lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “buy” rating reissued by stock analysts at J P Morgan Chase & Co in a research note issued on Friday. They currently have a $71.00 price target on the apparel retailer’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 23.37% from the company’s current price.

Several other analysts have also issued reports on LULU. UBS AG restated a “neutral” rating and issued a $54.00 price objective (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Nomura boosted their price objective on shares of lululemon athletica inc. from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company restated a “market perform” rating and issued a $60.00 price objective (up from $54.00) on shares of lululemon athletica inc. in a report on Friday. Instinet restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of lululemon athletica inc. in a report on Friday. Finally, Barclays PLC set a $85.00 price target on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.37.

lululemon athletica inc. (NASDAQ LULU) traded up 6.39% on Friday, hitting $61.23. 8,643,381 shares of the stock were exchanged. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The firm has a market cap of $8.37 billion, a PE ratio of 29.01 and a beta of 0.25. The stock’s 50 day moving average price is $60.41 and its 200 day moving average price is $57.53. lululemon athletica inc. also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 13,238 call options on the stock. This represents an increase of 195% compared to the typical daily volume of 4,485 call options.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.54%. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Equities research analysts forecast that lululemon athletica inc. will post $2.35 earnings per share for the current year.

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In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Penserra Capital Management LLC boosted its position in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock valued at $238,000 after buying an additional 84 shares during the last quarter. Comerica Bank boosted its position in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 97 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock valued at $3,072,000 after buying an additional 173 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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