lululemon athletica inc. (NASDAQ:LULU) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm currently has a $66.00 target price on the apparel retailer’s stock. Vetr‘s target price points to a potential upside of 13.17% from the stock’s previous close.

A number of other research firms have also commented on LULU. KeyCorp reaffirmed a “hold” rating on shares of lululemon athletica inc. in a research note on Friday, August 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $59.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Zacks Investment Research lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $58.00 price objective (up previously from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. lululemon athletica inc. has an average rating of “Hold” and an average target price of $65.71.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 58.32 on Wednesday. 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 12-month low of $47.26 and a 12-month high of $81.24. The firm has a market cap of $7.97 billion, a PE ratio of 27.63 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.54%. The firm had revenue of $520.30 million during the quarter, compared to analyst estimates of $513.99 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that lululemon athletica inc. will post $2.35 earnings per share for the current fiscal year.

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In other lululemon athletica inc. news, Director Glenn Murphy bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average cost of $55.50 per share, for a total transaction of $5,550,000.00. Following the transaction, the director now owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of LULU. Xact Kapitalforvaltning AB raised its stake in shares of lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock valued at $925,000 after buying an additional 3,189 shares during the period. Schwab Charles Investment Management Inc. raised its position in lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares during the period. CIBC World Markets Inc. raised its position in lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after buying an additional 688 shares during the period. Stifel Financial Corp raised its position in lululemon athletica inc. by 49.1% in the first quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after buying an additional 7,701 shares during the period. Finally, Morgan Stanley raised its position in lululemon athletica inc. by 55.2% in the first quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock worth $42,587,000 after buying an additional 292,183 shares during the period. Institutional investors and hedge funds own 79.56% of the company’s stock.

About lululemon athletica inc.

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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