Jefferies Group LLC reissued their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report report published on Friday. Jefferies Group LLC currently has a $60.00 target price on the apparel retailer’s stock, up from their prior target price of $56.00.

Several other research firms also recently commented on LULU. KeyCorp reissued a hold rating on shares of lululemon athletica inc. in a research note on Friday, August 25th. Vetr downgraded lululemon athletica inc. from a buy rating to a hold rating and set a $54.75 price objective for the company. in a research note on Wednesday, May 10th. Deutsche Bank AG reissued a hold rating and issued a $59.00 price objective (up from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Zacks Investment Research downgraded 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) reissued a neutral rating and issued a $58.00 price objective (up 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 given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. presently has an average rating of Hold and an average price target of $66.13.

lululemon athletica inc. (NASDAQ:LULU) traded up 7.19% on Friday, hitting $61.69. 11,466,089 shares of the company were exchanged. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The stock’s 50-day moving average price is $60.47 and its 200-day moving average price is $57.49. The stock has a market capitalization of $8.43 billion, a P/E ratio of 29.22 and a beta of 0.23.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.91% and a net margin of 11.68%. The firm had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate 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 business’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the transaction, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of lululemon athletica inc. by 6.7% in the first quarter. Bank of Montreal Can now owns 14,425 shares of the apparel retailer’s stock valued at $748,000 after buying an additional 902 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of 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 period. Korea Investment CORP raised its stake in shares of lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock valued at $2,428,000 after buying an additional 4,400 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of lululemon athletica inc. by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,469 shares of the apparel retailer’s stock valued at $1,165,000 after buying an additional 3,944 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of lululemon athletica inc. by 80.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock valued at $226,000 after buying an additional 1,948 shares during the period. 79.56% of the stock is currently owned by institutional investors and hedge funds.

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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