BMO Capital Markets set a $75.00 price target on lululemon athletica (NASDAQ:LULU) in a research note issued to investors on Tuesday. The firm currently has a hold rating on the apparel retailer’s stock.

A number of other research firms have also weighed in on LULU. Needham & Company LLC set a $69.00 target price on shares of lululemon athletica and gave the stock a buy rating in a report on Monday, October 16th. Citigroup upped their target price on shares of lululemon athletica to $78.00 and gave the stock a buy rating in a report on Thursday, December 7th. KeyCorp restated a hold rating on shares of lululemon athletica in a report on Friday, August 25th. Royal Bank of Canada restated a buy rating and issued a $77.00 target price on shares of lululemon athletica in a report on Friday, December 8th. Finally, Stifel Nicolaus upped their target price on shares of lululemon athletica from $66.00 to $75.00 and gave the stock a hold rating in a report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. lululemon athletica currently has an average rating of Hold and a consensus target price of $70.44.

lululemon athletica (NASDAQ:LULU) traded up $0.02 on Tuesday, hitting $76.57. 1,410,800 shares of the company were exchanged, compared to its average volume of 2,617,792. lululemon athletica has a 12 month low of $47.26 and a 12 month high of $77.22. The firm has a market cap of $10,363.26, a price-to-earnings ratio of 33.72, a PEG ratio of 2.50 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. lululemon athletica had a net margin of 10.96% and a return on equity of 22.52%. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. equities research analysts expect that lululemon athletica will post 2.48 EPS for the current year.

lululemon athletica declared that its board has approved a stock buyback program on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new position in lululemon athletica in the 3rd quarter worth approximately $1,197,000. California Public Employees Retirement System lifted its stake in lululemon athletica by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 216,882 shares of the apparel retailer’s stock worth $13,501,000 after purchasing an additional 1,782 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in lululemon athletica by 152.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,331 shares of the apparel retailer’s stock worth $1,203,000 after purchasing an additional 11,676 shares in the last quarter. Zions Bancorporation lifted its stake in lululemon athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in lululemon athletica by 30.3% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 103,775 shares of the apparel retailer’s stock worth $6,460,000 after purchasing an additional 24,150 shares in the last quarter. 79.30% of the stock is owned by institutional investors.

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lululemon athletica 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 (NASDAQ:LULU)

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