lululemon athletica inc. (NASDAQ:LULU) received a $41.00 target price from investment analysts at Canaccord Genuity in a report issued on Tuesday. The firm presently has a “sell” rating on the apparel retailer’s stock. Canaccord Genuity’s price objective would suggest a potential downside of 29.70% from the stock’s previous close.

LULU has been the topic of several other research reports. Vetr downgraded lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 target price on the stock. in a research note on Monday, June 19th. Cowen and Company set a $67.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Monday, August 21st. Credit Suisse Group reissued a “hold” rating and set a $56.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Jefferies Group LLC set a $56.00 target price on lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation reissued an “underperform” rating and set a $49.00 target price (up previously from $46.00) on shares of lululemon athletica inc. in a research note on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.71.

lululemon athletica inc. (NASDAQ LULU) opened at 58.32 on Tuesday. The company has a 50-day moving average price of $60.44 and a 200-day moving average price of $57.77. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.24. The firm has a market cap of $7.97 billion, a P/E ratio of 27.63 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, equities research analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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In related news, Director Glenn Murphy purchased 100,000 shares of lululemon athletica inc. stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the transaction, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised 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 raised 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. raised 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 raised 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. raised 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. 79.56% of the stock is owned by hedge funds and other institutional investors.

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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